Tanzania renews Barrick North Mara gold mine licenses for 15 years
B•Tanzania renewed special mining licenses for Barrick’s North Mara gold mine for 15 years. Barrick said it has invested about $5.3 billion in Tanzania’s economy since 2019, including $1.2 billion in 2025.
1. Licenses renewed
Tanzania renewed special mining licenses for Barrick’s North Mara gold mine for 15 years, securing long-term operating rights. The renewal supports continued investment plans, employment, local procurement, tax payments, royalties and dividends in Tanzania.
2. Economic contributions
Barrick said it injected about $5.3 billion into Tanzania’s economy since 2019, including $1.2 billion in 2025. The Twiga Minerals structure remains in place, with Tanzania holding a 16% stake in each mine and economic benefits split equally.
