Barrick’s Post

Barrick’s Twiga Partnership Powers Tanzania’s Growth! Since 2019, Barrick Gold’s Twiga venture has invested $4.24B, including $888M in 2024.💰  ✅ 96% of workforce is Tanzanian, 83% of spending goes to local suppliers. 👷🏾♂️   ✅ $15.8M invested in clean water, healthcare & education. 🏥📚   ✅ 500K+ ounces of gold produced with zero Lost-Time Injuries. ⛏️   ✅ Buzwagi SEZ & Barrick Academy driving long-term growth. 📈  A model for sustainable mining & community impact!🌍 Read More: https://lnkd.in/dX2VcRJ7

Luvituksen sietämätön hitaus - erityisesti Yhdysvalloissa. Mine development times: The US in perspective. S&P Global, June 2024: "The US has the second longest mine development times in the world, at almost 29 years on average  from first discovery to first production. Only Zambia takes longer (34 years). This US figure assumes that currently non-operating properties in the US – projects whose development usually began decades ago but have still not become productive – start producing by 2030. ...The development of a mine in the US is not only long and costly, it is unusually uncertain. While developing a mine in Canada or Australia can also take a long time, with respective average times of 27 and 20 years, those mines do reliably enter production. In the US, even if mines receive all required permits, they are subject to higher litigation risk.  ...Since 2002 only three mines have come online in the US – but they are the exception rather than the rule. None of them are located on federal lands, where the permitting process is more complicated and litigation risk higher. ...Shortening development times in the US is a historic challenge. The complexity of overlapping authorities, especially on the federal lands under which much of the US’s endowment is located, may be as difficult to simplify as it is to navigate." #kriittisetmateriaalit #kaivostoiminta #luvitus #yhdysvallat https://lnkd.in/g85QWi7u

FQM Partners with Zambian Govt to Upgrade Mutanda-Kaoma Road for Economic Growth First Quantum Minerals (FQM) has partnered with the Zambian government to upgrade the 371-kilometre Mutanda-Kaoma road, a vital route for transporting materials and copper products to the ports of Walvis Bay and Durban. The initiative aims to improve Zambia’s road infrastructure, which is critical for strengthening the mining sector and driving economic growth. FQM Country Manager Dr. Godwin Beene highlighted the project’s alignment with Vision 2030 and the Eighth National Development Plan (8NDP). He emphasized its potential to enhance logistics efficiency, promote rural development, and unlock new economic opportunities. “This…Read More Here https://lnkd.in/d-SC5bjM

NEW IPIS BRIEFING - Building the East African Crude Oil Pipeline #EACOP required acquiring over 9,000 acres of land in #Tanzania. In 2023-2024, IPIS partnered with HakiArdhi and Kinnapa Development Programme as part of our #VoicesfromTanzania series to document the impacts of EACOP land acquisition in Kiteto (Manyara) and Kilindi (Tanga) districts.  Most community grievances highlight: - low compensation for land which fails to restore or enhance livelihoods - limited opportunities for understanding and negotiating the acquisition process.  Consequently, communities express concerns about sustaining livelihoods and ensuring food security for their families. They also felt unable to represent or defend their rights in the land acquisition process. The briefing highlights issues with the burden versus benefits of compulsory land acquisition on affected communities. It stresses the need for more targeted efforts to ensure that those carrying most of the burden will indeed receive a fair share of the benefits: https://lnkd.in/eGDv2HeB Read more about the impacts of land acquisition for the oil infrastructure between #Uganda and #Tanzania in the recent #VoicesfromTanzania publication:  ·      Small-scale producers’ awareness and involvement in the process of land acquisition for the East Africa Crude Oil Pipeline: The case study of Kilindi district in Tanga region ▶ https://lnkd.in/eQETh5CF ·      The impact of land acquisition processes for the East African Crude Oil Pipeline project on communities in Kiteto district, Manyara region ▶ https://lnkd.in/e7t4hjCR Mieke Thierens - Kinnapa Development Programme - Cathbert Tomitho

Every year, 26 April marks the anniversary of the unification of Tanganyika and Zanzibar in 1964, a landmark event that gave birth to the United Republic of Tanzania. Union Day is not just a celebration of the past.  It's a day to reflect on the challenges that have been overcome and the aspirations that continue to shape Tanzania. Geita Gold Mining Limited (GGML), a subsidiary of AngloGold Ashanti, recognises the importance of this spirit of unity. Just as the union of Tanganyika and Zanzibar created a stronger whole, GGML prioritises working with the communities in which it operates. Our core values embody the principles of Union Day and include - Respect: We value the diverse cultures and traditions within our workforce and surrounding communities.  - Collaboration: We believe in working with the Tanzanian government, local businesses and community leaders to achieve common goals. - Sustainability: We are committed to responsible mining practices that benefit the environment and local communities for generations to come.    Through these values, GGML strives to contribute to a stronger, more united Tanzania. #tanzaniaunionday #MiningforNationalDevelopment #agatanzania #MiningforDevelopment #miningforchange #mining #mininglife #miningtanzania #tanzania #SustainableGrowth #Sustainability #CorporateSocialResponsibility #CommunityDevelopment  

Rwanda has officially announced its first oil discovery in Lake Kivu Rwanda currently heavily relies on agricultural and mineral exports, plus its thriving tourism industry With this oil discovery, Rwanda is poised to join the ranks of Africa’s oil-producing nations

Debswana Managing Director Andrew Motsomi, recently participated in a panel discussion titled, "Enhancing Community Benefits in Mineral Resources Governance" at the recently held high level continental dialogue on comparative mineral resources governance in Africa. During the panel discussion, the MD indicated that Botswana has successfully managed its natural resource abundance to create sustained economic growth in partnership with the private sector. "The Mineral Policy provides a strategic direction on management and development of the country’s finite mineral resources. It was developed considering the emerging issues such as Beneficiation and Value Addition, Citizen Economic Empowerment and local participation," he said adding that the policy aims to promote maximisation of economic benefit to the nation while enabling the private sector to earn competitive returns. The MD also spoke about how Debswana’s corporate strategy seeks to create long-term value for all stakeholders by operating ethically and balancing long-term profitability with employee welfare and community development. This, he said, is done through enterprise development, Citizen Economic Empowerment Programme (CEEP) and community beneficiation. Providing his views on what is the best mining communities grievance redress approach, he pointed out to the existing Grievance redress mechanisms across all Debswana operations, which ensure accountability by providing a platform, which stakeholders can hold the company accountable for their obligations and commitments. The MD concluded by reflecting on the Debswana's 55th anniversary. He emphasised that the Debswana story is that of transformation, which for the past five decades, has embodied the spirit of exploration, innovation, and an unwavering commitment to excellence and uplifting of communities. - Debswana Diamond Company #InvestmentMagazine #DebswanaDiamondCompany #MiningIndustry

[ CEJ at the "Green and Inclusive Approach to Mineral-Based Development and Industrialization" Workshop ] The Centre for Environment Justice (CEJ) was pleased to participate in a workshop addressing a green and inclusive mineral-based development in Ndola, Zambia, organized by the United Nations Economic Commission for Africa (UNECA). Mr. Freeman Mubanga, the Head of Research and Studies at CEJ, emphasised the necessity of prioritizing environmental protection and ecosystem sustainability in the context of mineral-based industrialization during a critical panel discussion. Responding to queries about industry linkages, Mr. Mubanga emphasized Zambia's significant strides in integrating mining with local industries, particularly through robust efforts in copper beneficiation. He stressed the urgent need for improved infrastructure, expanded access to financing, and comprehensive workforce development to eliminate the barriers stifling further industrialization. The key challenges outlined include energy shortages, inconsistent policies, and a shortage of skilled labour, all of which severely hinder the mining sector's potential in Zambia. Mr. Mubanga called for decisive investment in infrastructure, the establishment of coherent policy frameworks, and the initiation of public-private partnerships. These strategies are essential to unlocking the extensive benefits of local beneficiation while ensuring that environmental sustainability remains a top priority. CEJ is resolutely committed to championing green and inclusive solutions within Zambia's mining sector, as part of its unwavering objective to drive sustainable development. #GreenMining #SustainableDevelopment #MineralBeneficiation

ZM: FQM Drives Economic Growth with Transformative Road Project in Zambia First Quantum Minerals (FQM) has partnered with the Zambian government to upgrade the 371-kilometre Mutanda-Kaoma road, a crucial route for transporting materials and copper products to the ports of Walvis Bay and Durban. 

🌍 𝗧𝗵𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗚𝗮𝗹𝗮𝗺𝘀𝗲𝘆: 𝗜𝗹𝗹𝗲𝗴𝗮𝗹 𝗠𝗶𝗻𝗶𝗻𝗴'𝘀 𝗧𝗼𝗹𝗹 𝗼𝗻 𝗚𝗵𝗮𝗻𝗮'𝘀 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 – 𝗮𝗻𝗱 𝗪𝗵𝘆 𝗪𝗲 𝗖𝗮𝗻’𝘁 𝗔𝗳𝗳𝗼𝗿𝗱 𝗗𝗲𝗹𝗮𝘆𝘀 Illegal mining, known as 𝗚𝗮𝗹𝗮𝗺𝘀𝗲𝘆, is wreaking havoc on Ghana's environment. Here are some alarming facts: - 🌳 𝟲𝟬% 𝗹𝗼𝘀𝘀 of primary rainforests in regions affected by Galamsey - 💧 𝟳𝟬% 𝗼𝗳 𝗿𝗶𝘃𝗲𝗿𝘀 like Pra and Birim contaminated with mercury and lead - 💰 $𝟮𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 required to restore lands and water bodies Unfortunately, the fight to stop Galamsey is facing yet another challenge. With 𝗚𝗵𝗮𝗻𝗮'𝘀 𝗦𝗽𝗲𝗮𝗸𝗲𝗿 𝗼𝗳 𝗣𝗮𝗿𝗹𝗶𝗮𝗺𝗲𝗻𝘁 𝘀𝘂𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝗣𝗮𝗿𝗹𝗶𝗮𝗺𝗲𝗻𝘁 𝗶𝗻𝗱𝗲𝗳𝗶𝗻𝗶𝘁𝗲𝗹𝘆, key decisions on anti-Galamsey policies are now hanging in the balance. This delay puts the health of our environment and our people at greater risk. 💡 I recently used my 𝗣𝗼𝘄𝗲𝗿𝗣𝗼𝗶𝗻𝘁 𝗺𝗼𝗿𝗽𝗵 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝘀𝗸𝗶𝗹𝗹𝘀 to create a presentation that visually tells this critical story. Through seamless transitions, I highlighted the 𝗱𝗲𝘃𝗮𝘀𝘁𝗮𝘁𝗶𝗻𝗴 𝗶𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗱𝗲𝗳𝗼𝗿𝗲𝘀𝘁𝗮𝘁𝗶𝗼𝗻, 𝘀𝗼𝗶𝗹 𝗱𝗲𝗴𝗿𝗮𝗱𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝘄𝗮𝘁𝗲𝗿 𝗽𝗼𝗹𝗹𝘂𝘁𝗶𝗼𝗻 caused by illegal mining. Now more than ever, we need decisive action. The future of Ghana’s environment depends on it. 🚫 #SayNoToGalamsey  💻 #PowerPointSkills #MorphTransition #EnvironmentalImpact #Sustainability #LeadershipMatters