Sunday, June 1, 2025
  • Home
  • World

    Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

  • National
    • All
    • Economy & Politics
    • Election

    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

    Governor Presents “Atithya Rathna” and “Udyama Rathna” Awards at Karnataka State Hotels Association’s 70th Anniversary Celebration

    Students aspiring to pursue education in the academic year 2025–26 are encouraged to enroll in BBMP schools/colleges and make the best use of the facilities provided by BBMP: Suralkar Vikas Kishor

    Scientific leaders honored by 3M and Discovery Education

    UMA Bootcamp 2025 Opens Applications for India’s Brightest Motorsport Engineers

  • Business

    Cambridge announces results of its largest ever March series held in India

    Blue Dart Express Limited Clocks ₹ 5,720 Cr Revenue for FY25, Maintains Steady Q4 Momentum

    Reliance General Insurance delivers PAT up YoY by 12.5% at INR 315 cr, Gross Direct Premium of ₹12,548 crore – up 7.4% YoY, outpacing industry growth of 5.2%

  • Health

    DKMS Foundation India Honours Stem Cell Donors Who Gave Blood Cancer Patients a Second Chance at Life

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    Safer walking and cycling crucial for road safety and better health

    Health inequities are shortening lives by decades

  • Technology
    • All
    • Environment
    • Science

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    8th Edition of TECHgium® Showcases Engineering Excellence and Bold Innovations

    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

    “Modern warfare is entirely technology driven and India’s supremacy stands proven over the last four days”, says Dr Jitendra Singh

  • Auto

    Tata Motors advances Egypt’s Mobility Landscape; Launches Wide Range of Commercial Vehicles in Partnership with MTI

    Volvo Cars and Google expand partnership with Gemini integration and accelerated automotive innovation

    Honda Motorcycle & Scooter India Launches All-New “X-ADV”

    All-New RAV4 World Premiere

  • Sports

    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    BCCI announces fixtures for Australia Women’s, Australia Men’s A and South Africa Men’s A team tours of India

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    Team India (Senior Women) squads for the England tour announced

  • Entertainment

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

    Karmic Beauty’: Pure by Nature, Potent by Ingredients

    An Iconic Culinary Affair: Le Cirque Arrives at The Leela Hyderabad

    “Whether it’s for MICE, a dream wedding, or a family vacation, Malaysia has something for everyone.”-Mr. Hishamuddin Mustafa,Director of Tourism Malaysia Chennai.

  • Lifestyle
    • All
    • Food
    • Travel

    Max Fashion’s 9th Disney Collaboration Launches with a Lilo & Stitch-Themed Kids Festival, Featuring Neha Dhupia in a Playful Style Celebration

    FOR THE FIRST TIME, A THREE-DAY ORGANIC MANGO AND JACKFRUIT FAIR IS BEING ORGANIZED AT LALBAGH – DIRECTOR RAMESH

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    No Limits, No Rules: Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette announce The Big CLiQ Sale

No Result
View All Result
  • Home
  • World

    Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

  • National
    • All
    • Economy & Politics
    • Election

    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

    Governor Presents “Atithya Rathna” and “Udyama Rathna” Awards at Karnataka State Hotels Association’s 70th Anniversary Celebration

    Students aspiring to pursue education in the academic year 2025–26 are encouraged to enroll in BBMP schools/colleges and make the best use of the facilities provided by BBMP: Suralkar Vikas Kishor

    Scientific leaders honored by 3M and Discovery Education

    UMA Bootcamp 2025 Opens Applications for India’s Brightest Motorsport Engineers

  • Business

    Cambridge announces results of its largest ever March series held in India

    Blue Dart Express Limited Clocks ₹ 5,720 Cr Revenue for FY25, Maintains Steady Q4 Momentum

    Reliance General Insurance delivers PAT up YoY by 12.5% at INR 315 cr, Gross Direct Premium of ₹12,548 crore – up 7.4% YoY, outpacing industry growth of 5.2%

  • Health

    DKMS Foundation India Honours Stem Cell Donors Who Gave Blood Cancer Patients a Second Chance at Life

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    Safer walking and cycling crucial for road safety and better health

    Health inequities are shortening lives by decades

  • Technology
    • All
    • Environment
    • Science

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    8th Edition of TECHgium® Showcases Engineering Excellence and Bold Innovations

    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

    “Modern warfare is entirely technology driven and India’s supremacy stands proven over the last four days”, says Dr Jitendra Singh

  • Auto

    Tata Motors advances Egypt’s Mobility Landscape; Launches Wide Range of Commercial Vehicles in Partnership with MTI

    Volvo Cars and Google expand partnership with Gemini integration and accelerated automotive innovation

    Honda Motorcycle & Scooter India Launches All-New “X-ADV”

    All-New RAV4 World Premiere

  • Sports

    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    BCCI announces fixtures for Australia Women’s, Australia Men’s A and South Africa Men’s A team tours of India

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    Team India (Senior Women) squads for the England tour announced

  • Entertainment

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

    Karmic Beauty’: Pure by Nature, Potent by Ingredients

    An Iconic Culinary Affair: Le Cirque Arrives at The Leela Hyderabad

    “Whether it’s for MICE, a dream wedding, or a family vacation, Malaysia has something for everyone.”-Mr. Hishamuddin Mustafa,Director of Tourism Malaysia Chennai.

  • Lifestyle
    • All
    • Food
    • Travel

    Max Fashion’s 9th Disney Collaboration Launches with a Lilo & Stitch-Themed Kids Festival, Featuring Neha Dhupia in a Playful Style Celebration

    FOR THE FIRST TIME, A THREE-DAY ORGANIC MANGO AND JACKFRUIT FAIR IS BEING ORGANIZED AT LALBAGH – DIRECTOR RAMESH

    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

    No Limits, No Rules: Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette announce The Big CLiQ Sale

No Result
View All Result
No Result
View All Result
Home World

Barrick Partnership with Tanzanian Government Delivers First Major Outcomes

by FWM
May 25, 2020
in World
0

All amounts expressed in US dollars

Dar es Salaam, Tanzania– May 25, 2020– Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has settled the majority of the North Mara legacy land claims and has paid the first tranche of the $300 million settlement it agreed with the Tanzanian government to resolve the disputes it inherited from Acacia Mining.President and chief executive Mark Bristow said these were landmark events that demonstrated the strength of the partnership the company forged earlier this year through the formation of the jointly owned Twiga Minerals Corporation, which oversees the management of Barrick’s operations in the country.In terms of its framework agreement with the government, the shipping of some 1,600 containers of concentrate stockpiled from Bulyanhulu and Buzwagi resumed in April and the first $100 million received from the sale has gone to the government. Barrick said all material issues had been dealt with or were being finalized. This initial payment will be followed by five annual payments of $40 million each.At the same time, some 90% of the outstanding land claims at North Mara have been settled with payment scheduled to start today. Contrary to the past, where these claims were handled by the mine, the compensation process is being overseen by a committee representing Twiga, the government, the local authorities and the affected communities. This will ensure that the process is transparent and that issues are dealt with fairly and promptly.Willem Jacobs, Barrick’s chief operating officer for Africa and the Middle East, said the basis of the settlement, which alsoprovides for future claims, was produced during several weeks of close and constructive engagement between Twiga, the Ministry of Mines, the Ministry of Land, the local authorities and the community.A commercial bank has been appointed to provide financial training to the compensated landowners.Operationally, since taking over North Mara, Barrick has focused on improving the mine’s water management with special emphasis on its tailings storage facility. Jacobs said Barrick’s intervention had put an end to 15 years of poor water management on site and has ensured that going forward its environmental risks are properly contained in line with the group’s best practice standards.Summing up these developments, Bristow said the rapid progress made in resolving the most pressing legacy issues in Tanzania was a tribute to the hard work of Jacobs and his team as well as to the wholehearted support and engagement of the government and other stakeholders.“This is a striking example of what a true partnership can achieve in building a sustainable business capable of creating long-term value for all stakeholders,” he said

 

ADVERTISEMENT
Tags: Barrick Gold Corporation

FWM

Related Posts

World

Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

by FWM
May 29, 2025
World

FCA bans former Credit Suisse vice president following US criminal conviction

by FWM
May 23, 2025
Environment

“By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

by FWM
May 22, 2025
World

World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

by FWM
May 20, 2025
Health

Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

by FWM
May 15, 2025

Stay Connected

India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

May 31, 2025

Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

May 31, 2025

BCCI announces fixtures for Australia Women’s, Australia Men’s A and South Africa Men’s A team tours of India

May 29, 2025

Recent News

India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

May 31, 2025

Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

May 31, 2025

BCCI announces fixtures for Australia Women’s, Australia Men’s A and South Africa Men’s A team tours of India

May 29, 2025

Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

May 29, 2025
ADVERTISEMENT

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

error: Content is protected !!
No Result
View All Result
  • Home
  • World
  • National
  • Business
  • Economy & Politics
  • Election
  • Health
  • Technology
  • Auto
  • Sports
  • Entertainment
  • Lifestyle

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

Exit mobile version