https://www.miningweekly.com

Barrick makes major Tanzania social, skills and infrastructure commitment

27th May 2022

By: Creamer Media Reporter

     

Font size: - +

Canada-headquartered bullion major Barrick Gold on Friday announced that it would spend $6 for every ounce of gold sold by its two mines in Tanzania on improving healthcare, education, infrastructure and access to potable water in the surrounding communities.

At the same time, the miner has committed up to $70-million for investment in value-adding national projects, including mining-related training, skills development and scientific facilities at Tanzanian universities, as well as road infrastructure.

“Since we took over the Tanzanian mines from their previous operator in 2019, we have rebuilt relations with the State and renewed our social licence to operate here,” said CEO Mark Bristow in a media release.

North Mara has been redesigned as an integrated underground/openpit mine and Bulyanhulu has been resuscitated as a long-life underground mine. Together, these mines are expected to produce more than 500 000 oz/y.

Barrick has spent more than $1.9-billion in taxes, salaries and payments to local businesses over the past two years.  At least 73% of the mines’ goods and services are sourced locally and they give preference to the employment of Tanzanian nationals.
 
Barrick has to date also paid the government $14-million of the $300-million settlement included in the framework agreement.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

ARM CEO Phillip Tobias.
ARM headline earnings up 19%, dividend declared
4th September 2026 By: Martin Creamer
Photo of Martin Creamer
On-The-Air (04/09/2026)
4th September 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.051 0.077s - 110pq - 2rq
Subscribe Now