Barrick commits USD 10m to train mining experts

DAR ES SALAAM: BARRICK Mining Corporation has committed to invest 10 million US dollars (over 26bn/-) in a 10-year partnership with the University of Dar es Salaam (UDSM) aimed at developing skilled workers, supporting research and strengthening innovation in Tanzania’s mining sector. The agreement, signed during UDSM’s 11th Research and Innovation Week, will provide scholarships for more than 500 students and research grants for over 150 academics while supporting new programmes in mining engineering, mineral processing, mining law and business. The initiative comes as Barrick, which operates the Bulyanhulu and North Mara gold mines through Twiga Minerals, prepares for an extended operating horizon after securing 25-year life extensions for both mines. “With our mines now set to operate for another 25 years, we need skilled human capital to match the sector’s rapid growth,” Barrick Tanzania Country Manager Dr Melkiory Ngido said. He said the investment seeks to address growing demand for qualified professionals, generate new knowledge and improve access to modern and environmentally friendly mining technologies. “Since the establishment of Twiga Minerals in 2020, Barrick has been working closely with the government to develop the mining sector so that it can contribute to sustainable development and prosperity for our country,” Dr Ngido said. ALSO READ: UDSM launches SKN Research Compass to support postgraduate researches The programme is also expected to support research that informs mining policies, regulations and legislation, with UDSM contributing expertise to promote broader economic benefits from the sector. Minerals Minister Anthony Mavunde welcomed the investment, saying research remains critical to unlocking the country’s mineral potential. According to Mr Mavunde, mining accounts for 56 per cent of Tanzania’s foreign exchange earnings and contributed 2.1tri/- to domestic revenue. The sector’s contribution to gross domestic product reached 10.1 per cent by June 2026. He said Tanzania has mapped about 945,000 square kilometres for minerals, equivalent to roughly 97 per cent of the country’s 233 million acres. “If we complete a detailed survey of all our land, we take a major step toward increasing its value and improving Tanzanians’ lives,” he said. The post Barrick commits USD 10m to train mining experts first appeared on Daily News . The post Barrick commits USD 10m to train mining experts appeared first on Daily News .