Barrick Secures 15-Year North Mara Licences in Tanzania
Barrick said the renewal preserves its 50:50 economic partnership with Tanzania and supports about 3,000 workers at North Mara.
6 Articles
6 Articles
Canadian mining giant earns itself a special licence to mine gold in Tanzania for the next 15 years after $5.3 billion economic contribution
Tanzania has renewed Canadian mining giant Barrick Mining Corporation’s special mining licences for the North Mara gold mine for another 15 years, extending its operating rights at the site until 2041.
Tanzania renews North Mara mining licences for 15 years
The Government has renewed the Special Mining Licences for the North Mara Gold Mine for another 15 years, allowing the operation to continue under its existing ownership and partnership structure.
North Mara Secures 15-Year Licence Renewal
Tanzania has renewed the Special Mining Licences for Barrick Mining Corporation’s North Mara Gold Mine for another 15 years, giving the operation a longer-term framework for investment and production. The renewal allows Barrick to continue operating the mine under its existing partnership structure with the Tanzanian Government. Barrick and the government established Twiga Minerals in […]
Barrick Gains 15-Year License for Tanzania's North Mara
The Tanzanian government has renewed Barrick Mining's (TSX:ABX,NYSE:B) special mining licenses for the North Mara gold mine for 15 years, securing the company's operating rights at the site through 2041.Barrick operates North Mara through Twiga Minerals, a joint venture established in 2019 that grants the Tanzanian government a 16 percent free-carried interest and mandates an equal split of the economic benefits.“This is an important milestone f…
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