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Barrick Renews 15-Year Mining Rights for North Mara Gold Mine in Tanzania

Mining Technology ·

B Barrick Mining Corp
$40.72 +1.80%
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  1. 1The Tanzanian government has approved a 15-year mining rights renewal for Barrick Mining's North Mara gold mine.
  2. 2Barrick has contributed approximately $5.3 billion (13.95 trillion Tanzanian shillings) to the Tanzanian economy since 2019.
  3. 3Tanzanian nationals account for 96% of the approximately 3,000 Barrick employees currently in Tanzania.

So what's the key point?

The Tanzanian government has granted Barrick permission to operate the North Mara gold mine for another 15 years. The company has contributed about $5.3 billion to the Tanzanian economy since 2019.

Source Mining Technology · View original ↗

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