{"id":53192,"date":"2023-12-04T19:09:40","date_gmt":"2023-12-04T19:09:40","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2"},"modified":"2023-12-04T19:27:24","modified_gmt":"2023-12-04T19:27:24","slug":"barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2","title":{"rendered":"Barrick Gold strengthens Zambia partnership with expansion investment"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual production to an estimated 240 000 t of copper, from a 50 million tpy process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper producers.<\/p>\n

The project\u2019s accelerated work program is targeting completion of the full feasibility study by the end of 2024, bringing expected expanded process plant production forward to 2028.<\/p>\n

Barrick\u2019s transformation of the Lumwana mine into a world-class producer will provide strong impetus for the government\u2019s thrust to revive the country\u2019s copper industry, President and Chief Executive Mark Bristow said after a recent meeting with Zambian President Hakainde Hichilema.<\/p>\n

Since Barrick took over operations at Lumwana in 2019, the mine has contributed almost US$3 billion to the Zambian economy in the form of taxes, royalties, salaries, and the procurement of goods and services.<\/p>\n

In addition to its local procurement policy, the company is also committed to local employment, and 99.3% of Lumwana\u2019s current workforce are Zambian nationals.<\/p>\n

\u201cBarrick believes that its host countries are its key stakeholders and that partnering with them creates sustainable value for both of us. In Zambia as elsewhere in our global network, we seek to share the economic benefits generated by our mines with the countries\u2019 governments and people, notably our neighbouring communities,\u201d Bristow said.<\/p>\n

Last year Barrick launched a Business Accelerator Programme aimed at building business capacity for the Zambian contractors in Lumwana\u2019s supply chain and to support them in effecting their own growth plans. It is also partnering with the country\u2019s Ministry of Small and Medium Enterprises to support the development of these businesses.<\/p>\n

Looking at Lumwana\u2019s current performance, Bristow said it was on track to deliver its production guidance for 2023 and was ramping up owner mining with both the reopening of the Malundwe pit as well as delivery of the new owner mining pre-stripping fleet.<\/p>\n

President Hakainde Hichilema stated he was elated by the news of the planned expansion: \u201cThis is a show of confidence in our New Dawn government by one of the world\u2019s leading mining companies. Our laser focus is on establishing Zambia as a global mining destination. We have also set ourselves the target of producing 3 million t of copper by 2030. Barrick is a key strategic partner on this journey.\u201d<\/p>\n

President Hichilema called on Barrick to prioritise local content and increase the participation of Zambian suppliers to the Lumwana mine. He also encouraged Barrick to deploy the most advanced mining technology and invest in downstream value addition in support of the New Dawn\u2019s vision of establishing green industrial parks in Zambia.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual production to an estimated 240 000 t of copper, from a 50 million tpy process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper producers. The project\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":53191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-53192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nBarrick Gold strengthens Zambia partnership with expansion investment - Zambia<\/title>\n<meta name=\"description\" content=\"Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual producti ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barrick Gold strengthens Zambia partnership with expansion investment\" \/>\n<meta property=\"og:description\" content=\"Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual producti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T19:09:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-04T19:27:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"431\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Barrick Gold strengthens Zambia partnership with expansion investment\",\"datePublished\":\"2023-12-04T19:09:40+00:00\",\"dateModified\":\"2023-12-04T19:27:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\"},\"wordCount\":464,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\",\"name\":\"Barrick Gold strengthens Zambia partnership with expansion investment - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg\",\"datePublished\":\"2023-12-04T19:09:40+00:00\",\"dateModified\":\"2023-12-04T19:27:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual producti ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg\",\"width\":800,\"height\":431,\"caption\":\"Barrick Gold strengthens Zambia partnership with expansion investment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Barrick Gold strengthens Zambia partnership with expansion investment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Barrick Gold strengthens Zambia partnership with expansion investment - Zambia","description":"Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual producti ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2","og_locale":"en_US","og_type":"article","og_title":"Barrick Gold strengthens Zambia partnership with expansion investment","og_description":"Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual producti ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-12-04T19:09:40+00:00","article_modified_time":"2023-12-04T19:27:24+00:00","og_image":[{"width":800,"height":431,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Barrick Gold strengthens Zambia partnership with expansion investment","datePublished":"2023-12-04T19:09:40+00:00","dateModified":"2023-12-04T19:27:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2"},"wordCount":464,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2","name":"Barrick Gold strengthens Zambia partnership with expansion investment - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg","datePublished":"2023-12-04T19:09:40+00:00","dateModified":"2023-12-04T19:27:24+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine\u2019s annual producti ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1701705309.600176.jpg","width":800,"height":431,"caption":"Barrick Gold strengthens Zambia partnership with expansion investment"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/barrick-gold-strengthens-zambia-partnership-with-expansion-investment-2#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"Barrick Gold strengthens Zambia partnership with expansion investment"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/53192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=53192"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/53192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/53191"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=53192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=53192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=53192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}