Dar es Salaam, Tanzania - Prime Minister Kassim Majaliwa has praised the collaborative efforts between the government and Barrick Gold Corporation’s subsidiary, Twiga Minerals, for revolutionizing mining operations in the country and significantly boosting the economy. The Prime Minister's commendation came during the conclusion of an international mining sector investment forum held in Dar es Salaam over the weekend.
Addressing the attendees, Prime Minister Majaliwa acknowledged the valuable contribution made by Barrick Gold Corporation and Twiga Minerals to the development of local communities surrounding their investments. He highlighted the positive impact on the nation's economy and emphasized the importance of such collaborations in fostering people's development.
Barrick Gold Corporation Manager, Melkiory Ngido, shared significant achievements made since 2019. He noted the transformation of the North Mara and Bulyanhulu gold mines to meet international standards. During this period, the joint venture company contributed over 3.0 billion US dollars to the national economy.
Twiga Minerals was recently recognized as the largest taxpayer among government-owned stakeholder companies in the country. Ngido also highlighted that Barrick spends 84 percent of its budget on expenditure by engaging local companies, with 96 percent of its workforce being Tanzanians. Additionally, through corporate social investments, the company has spent over 13 million US dollars on implementing various community development projects related to education, health, and water.