BARRICK Gold Corporation’s Twiga joint venture has injected over $4.24bn into Tanzania’s economy since its inception in 2019. The partnership, which operates the North Mara and Bulyanhulu gold mines, contributed $888 million in 2024 alone, reaffirming its position as a leader in the country’s mining sector.
At a media briefing, Barrick president and CEO Mark Bristow highlighted the transformative impact of the Twiga partnership on Tanzania’s extractive industry. ‘We spent $573 million on national suppliers and service providers last year, representing about 83 percent of our total in-country spend. Additionally, 75 percent of all our payments went to indigenous companies, surpassing our 61 percent target,’ Bristow said.
Boosting local jobs and communities
Barrick’s commitment to local employment and development is evident in its workforce, 96 percent of whom are Tanzanian nationals. Of the company’s 6,185 employees, 53 percent are sourced from communities neighbouring the mines. This focus on local engagement extends to community projects, with over $5 million invested in 2024 alone. These funds were directed towards potable water, healthcare, and education initiatives, bringing the total community investment since 2019 to $15.8 million.
Production at the North Mara and Bulyanhulu mines exceeded 500,000 ounces in 2024, maintaining their Tier One status. Both mines achieved a full year without a Lost-Time Injury, underscoring Barrick’s commitment to safety.
Advancing sustainability and development
The Buzwagi mine, while progressing with its closure plan, has focused on environmental management, particularly water management and vegetation maintenance. Additionally, a Special Economic Zone (SEZ) near Buzwagi is nearing completion, attracting significant investor interest.
The Barrick Academy, established at Buzwagi in 2024, is playing a crucial role in talent development. With a focus on training foremen, supervisors, and superintendents, the academy has already trained 1,700 individuals and aims to exceed 2,800 by 2025.
Exploration and recognition
Barrick’s ongoing exploration in the Nzega District added over 2,000km² of new prospects, enhancing mineral reserve growth and supporting the longevity of North Mara and Bulyanhulu.
Twiga also received multiple accolades in 2024 for its contributions to Tanzania’s economy, safety standards, environmental performance, and community engagement. North Mara was recognised as the largest economic contributor in the country’s extractive industry.
A model for sustainable mining
‘Barrick’s work in Tanzania is a model for sustainable mining that balances economic, environmental, and social responsibility,’ Bristow stated. He emphasised that the recognition received by Twiga reflects its commitment to excellence and the value it brings to host countries.
With its continued investment in local communities, environmental stewardship, and workforce development, Barrick Gold remains a cornerstone of Tanzania’s economic growth and mining industry transformation.
