Articles for tag: accelerates, Barrick, Copper, expansion, eyes, production, Zambian

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