These include mining-related training, skills development and scientific facilities at Tanzanian universities, as well as road infrastructure.
Chief executive Mark Bristow said that since resuming operations in Tanzania, Barrick has worked on rebuilding relations with the State and renewing its social licence to operate there.
The world’s second-largest gold producer was embroiled in a battle with the Tanzanian government that began in March 2017, when the country banned the export of gold and copper concentrates. The move aimed to pressure mining companies into doing more smelting and refining locally.
The export ban was soon followed by a series of allegations against Barrick’s defunct African subsidiary, Acacia Mining, including accusations from the government that the company was avoiding taxes by underreporting the value of its mineral exports from the country.
The Toronto-based miner ended the long-running row with a…
