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Twiga Partnership Impacting Tanzanian Economy through Extractive Industry Contribution

kent-jackson by kent-jackson
October 5, 2024
in News
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Twiga Partnership Impacting Tanzanian Economy through Extractive Industry Contribution
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### Twiga Partnership Contribution
The Twiga partnership between Barrick Gold and the Tanzanian government is not just a financial arrangement but also a mutually beneficial relationship that highlights the importance of responsible mining practices. By contributing 51% of the government’s revenue from the extractive industry, Barrick Gold is not only supporting the economy but also demonstrating a commitment to transparency and sustainable business practices.

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### Safety Performance and Exploration
The safety performance of the North Mara and Bulyanhulu mines sets a high standard for the industry, emphasizing Barrick Gold’s dedication to ensuring the well-being of its workers and local communities. The ongoing brownfields exploration around these mines not only aims to replace and expand depleted reserves but also showcases an innovative approach to maximizing the potential of existing resources.

### Future Forward Education Initiative
Investing $30 million in the Future Forward Education initiative exemplifies Barrick Gold’s long-term commitment to education and skills development in Tanzania. By improving infrastructure in schools and providing training opportunities, Barrick is not only investing in the future workforce but also fostering positive relationships with local communities.

### Human Rights Allegations
The referral of human rights allegations at the North Mara Mine to the Tanzanian Commission of Human Rights and Good Governance underscores Barrick Gold’s willingness to address and investigate sensitive issues. The outcome, which found no evidence of human rights violations, reaffirms the company’s efforts to operate responsibly and uphold human rights standards.

### Barrick Academy Training
The Barrick Academy’s focus on training and developing employees showcases the company’s dedication to building a skilled workforce. By exceeding its target to train over 2,000 employees in 2024, Barrick is not only investing in its employees’ professional growth but also strengthening its operational capacity in the region.

By combining financial contributions, safety measures, educational initiatives, and human rights advocacy, Barrick Gold’s partnership with the Tanzanian government sets a positive example for sustainable mining practices and responsible corporate citizenship.

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