Barrick Gold's partnership in Tanzania contributes significant revenue, focusing on safety, education, and exploration.

From GlobeNewswire: 2024-10-05 08:00:00

– The Twiga partnership between Barrick Gold Corporation and the Tanzanian government is contributing 51% of the government’s revenue from the extractive industry. It includes the North Mara and Bulyanhulu gold mines.
– Both mines have led the industry in safety performance, with Bulyanhulu winning the Occupational Safety and Health Award and North Mara being named as the best company for caring for workers with special needs.
– Barrick president Mark Bristow announced ongoing brownfields exploration around Bulyanhulu and North Mara mines to define opportunities to replace and expand reserves, supporting the mines’ flexibility and longevity. New greenfield areas also show potential for adding new mines to Barrick’s portfolio.
– Barrick’s Future Forward Education initiative has completed its first phase, with a $10 million investment in infrastructure expansion at 64 schools. A second phase is planned, followed by a third phase, totaling $30 million. The Barrick Academy has already trained over 1,000 foremen, supervisors, and superintendents.
– Barrick has referred allegations of human rights abuses at the North Mara Mine to the Tanzanian Commission of Human Rights and Good Governance, with a report confirming no evidence of violations. The company remains committed to transparency and the well-being of its workers.



Read more at GlobeNewswire: Twiga Partnership Leads Extractive Industry’s Contribution