President Magufuli Was a Visionary, Says Barrick
Retrieved on:
Thursday, March 18, 2021
TORONTO, March 18, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow today said the company mourned with the people of Tanzania at the loss of President John Magufuli, who passed away yesterday.
Key Points:
- TORONTO, March 18, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow today said the company mourned with the people of Tanzania at the loss of President John Magufuli, who passed away yesterday.
- Bristow described the late president as a visionary statesman who saw the value of a thriving mining sector to his countrys economy and partnered with Barrick in a joint venture, Twiga Minerals Corporation, to manage the companys mines in Tanzania and to share the economic benefits they generated equally between Barrick and its stakeholders in that country.
- Bristow said Twiga would stand as a monument to the late presidents foresight and should serve as a model for future partnerships between governments and mining companies in Africa.