The Canadian giant highlighted that its contribution to Tanzania’s economy also includes turning two run down mines, North Mara and Bulyanhulu, into a world-class complex producing gold at a Tier 1 level.
The two assets are part of Twiga Minerals, which is a joint venture between Barrick and the Tanzanian government.
“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,” Barrick’s president and chief executive Mark Bristow said.
Conversion drilling at both mines has again replenished their reserves after depletion, Bristow said.
At North Mara, the potential for another underground operation is being explored while the optimization of its open cast mine plan is expected to add years to its life.
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