Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Barrick Gold’s (NYSE: GOLD, TSE: ABX) North Mara mine has been named employer of the year at the 2023 Association of Tanzania Employers (ATE) awards ceremony.
North Mara is operated by Barrick and is jointly owned with the Tanzanian government through Twiga Minerals Corporation.
The event, held at the Mlimani City Conference Centre in Dar es Salaam, was attended by Joyce Ndalichako, minister of state for labour, youth, employment and persons with disabilities.
Twiga also received accolades including overall private sector employer (North Mara mine), best corporate social responsibility (North Mara mine), excellence in crisis management (Bulyanhulu mine), second runner-up for local content (North Mara mine), and best large organization employer of the year (North Mara mine).
North Mara also received recognition at this year’s Tanzania Revenue Authority (TRA) Taxpayer Appreciation Awards, securing the awards for substantial taxes & duties paid for exported goods in 2022/2023 and compliant taxpayer in the mining sector for the year 2022/2023.
Notably, in the preceding year, Barrick North Mara also received the esteemed largest taxpayer award.
