Articles for tag: academy, Barrick, Buzwagi, opens, Tanzania, Training

March 18, 2024

Ron Finklestien

mining

Transformative Barrick Academy Launches at Buzwagi Mine in Tanzania

Barrick’s Commitment to Education and Growth Amidst the rugged landscapes of Tanzania, a new beacon of hope is emerging in the form of the Barrick Academy at the Buzwagi mine. This ambitious endeavor, spearheaded by Barrick, will not only impart knowledge but also transform the economic landscape of the region. Over the next 24 months, the academy is set to train over 2,000 foremen, supervisors, and superintendents from Africa and the Middle East region, breathing life into the heart of the mining industry. Expanding Horizons and Nurturing Talent Expanding its reach beyond the boundaries of traditional mining training, Barrick is

January 29, 2024

Ron Finklestien

mining

Barrick’s Kibali Gold Mine Shines as a Model of Sustainability Barrick’s Kibali Gold Mine Shines as a Model of Sustainability

Barrick’s Positive Impact on the Democratic Republic of Congo Mark Bristow, the CEO of Barrick Gold, lauded the Kibali Gold Mine in the Democratic Republic of Congo (DRC) as a pioneer in responsible mining practices. He emphasized the mine’s leadership in automation and its exemplary role in setting sustainable mining standards in Africa. Bristow highlighted the significant economic contribution of the mine to the remote northeast region of DRC, where it has initiated a robust local economy. Investment made by Barrick in the DRC, including royalties, taxes, dividends, and payments to local suppliers, has totaled a substantial $4.7 billion. Additionally,

January 23, 2024

Ron Finklestien

mining

Barrick accelerates Zambian copper mine expansion, eyes 2028 first production

Barrick’s Ambitious Expansion Plans for Lumwana Copper Mine in Zambia Local Prosperity and Growth Since 2019, Lumwana has injected nearly $3 billion into the Zambian economy, comprising royalties, taxes, salaries, and procurement of goods and services from local businesses. Notably, local procurement accounted for over 81% of the copper mine’s total spend last year, cementing its pivotal role in fortifying the Zambian economic landscape. Business Accelerator Program and Community Upliftment Barrick, as part of its expansion initiative, has initiated a business accelerator program aimed at enhancing the business acumen of Zambian contractors within its supply chain. This strategic move seeks

January 22, 2024

Ron Finklestien

mining

Sandvik, Barrick Forge Deeper Partnership to Introduce Remote Monitoring Service Sandvik, Barrick Forge Deeper Partnership to Introduce Remote Monitoring Service

Expanding the Collaborative Horizon Glenn Heard, the mining executive at Barrick, heralded the ongoing cooperation with Sandvik Mining and Rock Solutions as an instrumental source of value-adding technologies for Barrick’s global mining operations. “This mutually beneficial cooperation will help ensure we continue our growth journeys in the areas of automation, digitalization and electrification in order to drive improvements across our sites,” asserted Heard. The extended framework agreement encompasses Barrick’s rollout of Sandvik’s remote monitoring service (RMS) to its entire global underground fleet of more than 200 connected Sandvik trucks, loaders, and drills. RMS has garnered praise by reducing maintenance costs

January 22, 2024

Ron Finklestien

mining

Barrick’s Mining Revival in Tanzania

Tanzania’s Economic Transformation Let’s raise a glass of mineral water to Barrick Gold Corporation, the Canadian mining giant that’s pulling off a transformative feat in Tanzania. Mark Bristow, Barrick’s president and chief executive, has been raising eyebrows with his company’s reshaping of the East African country’s mining industry. From revitalizing two flagging mining operations, North Mara and Bulyanhulu, to laying the foundation for a state-of-the-art airport terminal, Barrick is breathing new life into Tanzania’s economy. Twiga Minerals’ Role As part of the Twiga Minerals joint venture with the Tanzanian government, Barrick has managed to turn around the fortunes of the