Sustainable Mineral Development
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Five Years On, Barrick's Twiga Partnership Delivers Growth and Shared Value for Tanzania
GlobeNewswire News Roomยท 2025-07-07 12:30
Core Insights - The Twiga partnership between Barrick Mining Corporation and the government of Tanzania has successfully redefined mining's role in national development, focusing on shared value and long-term investment [1][3][11] Economic Contributions - Barrick has invested $4.79 billion into the Tanzanian economy since taking operational control in 2019, with $558 million contributed in the first half of 2025 [4] - Over 90% of procurement is with Tanzanian suppliers, primarily indigenous companies, and 96% of the workforce is Tanzanian, with 49% from local communities [4] Educational Initiatives - The Future Forward education program, a joint $30 million investment, aims to expand school infrastructure, providing classroom space for an additional 45,000 pupils [5] Operational Developments - At Bulyanhulu, significant advancements have been made in the Upper West decline, with new infrastructure improving production capabilities [6] - North Mara has implemented a battery energy storage system to enhance power reliability, and community resettlement activities are nearing completion [7][8] Exploration and Future Planning - Barrick is actively investing in exploration to secure future operations, with current drilling programs targeting resource extensions in the North Mara complex and Bulyanhulu [9] - Even during the closure of Buzwagi, efforts are being made to create long-term value through the development of a Special Economic Zone [10] Community Engagement - The partnership with host communities is crucial, with ongoing efforts to rebuild relationships and deliver on commitments, particularly around North Mara [8][11] Vision for Mining - The Twiga partnership is presented as a model for responsible mining, emphasizing shared ownership, local empowerment, and sustainable development [12]