Barrick Trains New Staff In Africa, Eyes Congo Expansion: 'Kibali Now Flourishing'
Portfolio Pulse from Stjepan Kalinic
Barrick Gold (NYSE:GOLD) is expanding its operations in the Democratic Republic of Congo and focusing on renewable energy initiatives, including a 16MW solar plant set for 2024. The company highlighted the success of its Kibali mine, emphasizing local economic development and responsible mining practices. Barrick is also planning to increase its presence in the African copper belt and has established the Barrick Academy in Tanzania to train over 2,000 personnel, supporting its growth and sustainability goals.

March 20, 2024 | 9:08 pm
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Barrick Gold is expanding in the DRC and focusing on renewable energy, with a 16MW solar plant by 2024 and significant local economic contributions. The company's growth and sustainability strategies, including training over 2,000 personnel, highlight its commitment to responsible mining and economic development.
Barrick Gold's expansion in the DRC and focus on renewable energy and sustainability are likely to positively impact its stock price in the short term. The company's commitment to local economic development and responsible mining practices, coupled with its ambitious growth plans, are expected to enhance its reputation and operational efficiency. The establishment of the Barrick Academy for training personnel further supports its long-term growth and sustainability objectives, potentially making it more attractive to investors.
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