Tanzania has renewed the Special Mining Licences for Barrick Mining Corporation’s North Mara Gold Mine for another 15 years, giving the operation a longer-term framework for investment and production.
The renewal allows Barrick to continue operating the mine under its existing partnership structure with the Tanzanian Government.
Barrick and the government established Twiga Minerals in 2019 to operate North Mara and Bulyanhulu. The government holds a 16 percent interest in each mine, while the partners share the economic benefits equally.
Barrick said the long-term licence provides greater certainty for continued investment in the mine, its workforce and surrounding communities.
Since 2019, the company says North Mara has contributed approximately US5.3billiontoTanzaniathroughtaxes,royalties,salaries,dividendsandlocalprocurement,includingaboutUS1.2 billion in 2025.
The mine employs about 3,000 people, with Tanzanian nationals accounting for 96 percent of its workforce. Barrick also reported that more than 90 percent of procurement is sourced from companies registered in Tanzania.
Barrick’s Rest of World CEO Seb Bock described the renewal as an important milestone in the company’s partnership with Tanzania.
For Tanzania’s mining sector, the extension provides continuity for one of the country’s major gold operations while maintaining a framework for local employment, procurement and government revenue.
The decision also reinforces the importance of long-term regulatory certainty in attracting continued investment into large-scale mining projects.
