Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4770

Deal #4770 Version #69359

Tanzania

Created at

2015-09-11

Last update

2015-09-17

Last full update

2017-01-27

Land area

Intended size

59 962 ha

Size under contract (leased or purchased area)

[2006, current] 59962.0 ha

Comment on land area

North Mara is a high grade open pit mine consisting of three open pit deposits: Nyabirama, Gokona and Nyabigena. The mine is currently moving forward with the creation of an underground operation at the Gokona pit.

Intention of investment

[current] Mining

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Comment on nature of the deal

The current life of mine is estimated to be 9 years based on proven and probable gold reserves of 2 million ounces.

Negotiation status

[2006, current] Concluded (Contract signed)

Comment on negotiation status

In 2006, Barrick acquired North Mara, when it took over Placer Dome.

Implementation status

[2002, current] In operation (production)

Comment on implementation status