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Barrick Gold Corporation’s Lumwana expansion is reportedly set to double its current copper production to a life-of-mine average of 240,000 tonnes per year, with thousands of construction jobs expected to be created through 2028.
According to a statement issued on Tuesday, Barrick Gold Corporation reaffirmed its commitment to Zambia’s economic growth, claiming it has contributed over US$3.7 billion to the economy since 2019.
Zambia Country Manager, Anthony Malenga, claimed that in 2024 alone, Lumwana’s operations contributed US$887 million to the economy through royalties, taxes, salaries, and procurement of goods and services, solidifying its position as one of Zambia’s top five taxpayers.
Malenga added that copper production for 2024 was within guidance, supported by investments in operator training and an upgraded ultra-class fleet.
“Lumwana remains a leader in advancing local content, with 72 percent of the US$906 million spent on goods and services in 2024 going to Zambian suppliers and contractors,” Malenga said.
Barrick is reportedly extending its Technical Education, Vocational and Entrepreneurship Training Authority (TEVETA)-accredited training centre to equip local workers with critical skills.
“We are transforming the surrounding Kalumbila District into a mining-powered economic hub that will endure beyond Lumwana’s expanded life of mine,” said Barrick president and Chief Executive Officer Mark Bristow, speaking from Lumwana.
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