Castillo Copper

NYSE/TSX-listed Barrick Gold Corporation, owner and operator of the Lumwana copper mine, has donated 10 computers to the University of Zambia School of Mines and agreed to help repair the Kakayindu Police Post, in line with its commitment of creating long-term value for its host countries and communities.

Established in 1973, the University of Zambia School of Mines offers undergraduate and postgraduate courses in geology, mining engineering, metallurgy and mineral processing.

According to Willem Jacobs, Barrick’s chief operating officer for Africa and the Middle East, enrolment at the School has increased over the years, creating the need for an expansion of its infrastructure.

Jacobs says that in keeping with the group’s policy of employing host country nationals and upskilling them to world-class standards, Barrick has
long provided scholarships for undergraduate students.

The donation of computers is intended to assist the School in its research projects as well as delivering computer-based course material to students.

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Additionally, Barrick has agreed to help repair the Kakayindu Police Post, which was vandalized late last year as a result of community unrest. The 22-person strong post provides security to 37,000 people in the Lumwana Township and neighboring communities.

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Barrick is driven by a commitment to contribute positively to the development of our host countries and communities,” says Jacobs, noting that in 2019 Lumwana employed 3,498 Zambians and contributed
$272 million to the country’s economy through taxes, salaries, procurement and community investments.

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Barrick
On 1 January 2019 a new Barrick was born out of the merger between Barrick Gold Corporation and Randgold Resources. Shares in the new company trade on the NYSE (GOLD) and the TSX (ABX). The merger has created a sector-leading gold company which owns five of the industry’s Top 10 Tier One gold assets (Cortez and Goldstrike in Nevada, USA (100%); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)) and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA). With mining operations and projects in 15 countries, including Argentina, Australia, Canada, Chile, Côte d’Ivoire, DRC, Dominican Republic, Mali, Papua New Guinea, Peru, Saudi Arabia, Senegal, USA, and Zambia, Barrick has the lowest total cash cost position among its senior gold peers and a diversified asset portfolio positioned for growth in many of the world’s most prolific gold districts.