Deal #4770

Tanzania
Created at
2015-09-11
Last update
2023-01-27
Last full update
2017-01-27

Land area

Intended size
59 962 ha
Size under contract (leased or purchased area)
  • [2006, current] 59962 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. It seems that the company is expanding as compensation was paid for an expansion area.

Intention of investment

Intention of investment
  • [current] Mining

Nature of the deal

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

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

Implementation status
  • [2002, current] In operation (production)
Comment on implementation status
Placer Dome brought the mine into operation in 2002.

Contract farming

Contract farming
No