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Barrick Gold’s Twiga in Tanzania is WhyAfrica’s Pick Of The Week

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Mark Bristow President and CEO of Barrick Gold Corporation says that the transformation of two derelict mines into a world-class complex which, on a combined basis, produce gold at a Tier One level, shows what could be achieved when mining companies and their host governments partner to deliver real value to their stakeholders. Image credit: Barrick Gold Corporation.

Barrick Gold’s Twiga in Tanzania is WhyAfrica’s Pick Of The Week

Barrick Gold’s North Mara and Bulyanhulu gold mines in Tanzania have not only sustained their strong performance in 2023, but the two mines have made a significant impact on Tanzania and in the local communities where they operate.  

North Mara and Bulyanhulu are part of Twiga Minerals, a joint venture between Barrick Gold and the Government of Tanzania.

Conversion drilling at both mines has again replenished their reserves after depletion.  At North Mara, the potential for another underground operation is being explored while the optimisation of its open cast mine plan is expected to add years to its life.

At Bulyanhulu, there are near-surface opportunities with the potential for increasing production and mining flexibility. Both mines achieved their production guidance for 2023.

Twiga transforms Tanzania

According to Barrick Gold’s President and CEO Mark Bristow, the transformation of two derelict mines into a world-class complex which, on a combined basis, produce gold at a Tier One level, shows what could be achieved when mining companies and their host governments partner to deliver real value to their stakeholders.

“The Twiga partnership has not only transformed Tanzania’s gold mining industry, it has also re-established the country, well-known as one Africa’s most popular tourism attractions, as a prime investment destination that has a wealth of metal and mineral resources,” says Bristow.

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Contribution to local economy  

Bristow said since Barrick took over the Tanzanian mines in 2019, they had grown into the largest contributor to the government’s revenue, through taxes, employment, payments to local suppliers, community projects and distributions to shareholders.  Its investment in the economy to date totals more than USD3.4-billion (on a 100% basis).

“Perhaps even more important, these mines are now widely respected as value-adding partners and community members.

Among the many accolades they have received, Barrick Tanzania has been certified as a Top Employer by the global Top Employer Institute for its people management programs while locally, the Association of Tanzania Employers (ATE) crowned Barrick North Mara as the 2023 employer of the year and the company with the best social responsibility program.  In the health and safety arena, North Mara won the 2023 OSHA Compliance award with Bulyanhulu as first runner-up, and Bulyanhulu also received an award for excellence in crisis management.

Both mines have been lauded by the Tanzanian Government and Civil Society Organisations for their contribution to the fight against violence against women and children.

Ongoing programmes

The first phase of Twiga’s USD30-million Future Forward education initiative is nearing completion.  The program will significantly improve Tanzania’s educational infrastructure by delivering classrooms, dormitories, and washroom facilities for an additional 49,000 pupils.

Twiga is also progressing its USD40-million pledge to build a world-class 73km road to the Kahama airport.  As part of the Buzwagi mine closure plan and to improve the transportation system in the area, Barrick’s Buzwagi gold mine in partnership with the Tanzanian Airport Authority funded the building of a new terminal at the Kahama airport.

The new airport terminal building will serve more than 200 passengers at a time and has a full range of facilities.  It is expected to be a catalyst for economic growth in the Kahama region.

In the meantime, the rehabilitation of the closed Buzwagi mine is continuing with the ultimate aim of creating the foundation for a Special Economic Zone.

“Barrick has made an enormous difference for the better on every front in Tanzania.  The success of the partnership model we pioneered here represents, I believe, the future of mining, particularly in developing countries.  We have also applied this model to the reconstituted Porgera mine in Papua New Guinea and the Reko Diq copper-gold project in Pakistan,” says Bristow.

WhyAfrica will visit Tanzania this year as part of our 2024 WhyAfrica Road Trip.

WhyAfrica’s annual African Road Trip takes place in July and August. We normally visit more than 30 project sites in five or six African countries. Sponsoring the Road Trip, or to be a WhyAfrica member, gives you unparalleled insight into the business environment of the countries that we travel to and the project sites that we visit. It is also a once in a lifetime branding and marketing opportunity. The main aim of our Road Trips is to promote Africa as an investment destination and to showcase Africa’s greatest companies and projects to our large global audience, which includes potential investors, venture capitalists and serial entrepreneurs. WhyAfrica members can now follow our Road Trips in real time with daily updates, video clips, photographs, and interviews broadcast live in our WhyAfrica Chatroom.

Barrick Gold’s Twiga in Tanzania is WhyAfrica’s Pick Of The Week

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Barrick Gold’s Twiga in Tanzania is WhyAfrica’s Pick Of The Week

 

 

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