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Barrick’s Zambian procurement policies benefit locals at Lumwana

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Zambians have benefitted most from operations at Barrick Gold Corporations Lumwana copper mine in Zambia. Image credit: Barrick Gold Corporation

Barrick’s Zambian procurement policies benefit locals at Lumwana  

Global mining giant Barrick Gold Corporation’s Lumwana mine in the north-west of Zambia has purchased more than USD4.3-billion in goods and services from Zambian business since it started producing copper a little more than a decade ago.      

According to Barrick’s President and CEO Mark Bristow, Lumwana’s local procurement expenditure in 2022 was USD432-million, out of a total of USD520-million, which represents 83% of the mine’s total procurement spend.

Since 2019, when Barrick was reconstituted following its merger with Randgold Resources, local expenditure has increased year on year.

Additionally, all Lumwana’s copper concentrates are delivered to Zambian smelters by a local transporter.

Procurement policies prioritise local companies (Barrick’s Zambian procurement policies benefit locals at Lumwana)

“Our procurement practices prioritise local companies, followed by those from the larger Zambian region. We only use international suppliers when the goods and services we require are not available in the country,” says Bristow.

Bristow adds that in total, since Barrick assumed operatorship in 2011, Lumwana has contributed more than USD8.2-billion to Zambia’s economy in the form of royalties and taxes, salaries and goods and services.

In 2022, Barrick launched the ‘Business Accelerator Program’ aimed at building business capacity for Zambian contractors in its mining supply chain and to support them in effecting their own growth plans and diversifying their markets to become independent and sustainable beyond Lumwana’s life of mine.

Barrick is also committed to local employment, with 99.3% of Lumwana’s employees and 98% of its contractors comprising nationals. “Prioritising the provision of jobs and business opportunities for our local communities and host countries is critical to the development of our social license to operate.

Local employees and business partners also bring diversity to our operations and business and help us better understand customs, cultural practices and the impact our activities have on host communities,” says Bristow.

Barrick’s Zambian procurement policies benefit locals at Lumwana

Barrick Gold Corporation’s Lumwana copper project in Zambia is one of the mines WhyAfrica will visit during our upcoming WhyAfrica Road Trip through South Africa, Botswana, Zambia, Angola and Malawi. Remember, WhyAfrica members gets regular updates and unequalled on the ground information about the regions through which we travel and the projects that we visit. To become a member, click on the link https://www.whyafrica.co.za/product/membership/

We still have ample partnership and sponsorship opportunities available. Contact leon@whyafrica.co.za or 071 4483496 if you want more information             

Barrick’s Zambian procurement policies benefit locals at Lumwana  

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