Barrick Joins Fight Against Covid-19 in Tanzania
08 Aprile 2020 - 12:28PM
Twiga Minerals Corporation, a joint venture between Barrick Gold
Corporation (NYSE:GOLD) (TSX:ABX) and the Tanzanian government, has
announced a support program to assist the country in combating and
containing the Covid-19 pandemic.
Barrick’s chief operating officer for its Africa
and Middle East region, Willem Jacobs, said in addition to measures
already introduced to protect workers and their families living and
around its mines, the company was contributing $1.7 million in the
form of critical equipment and expertise to help prevent the spread
of the virus in Tanzania.
Of this amount, $960,000 is destined for the
national level, $505,000 to the regional level and $250,000 to the
local level.
Jacobs said at the national level Barrick would
be concentrating its efforts and contributions on Mloganzila as an
isolation unit for confirmed cases and the Mabibo hostel as a
quarantine centre. Regional support will be focused on
Musoma, Shinyanga and Geita where isolation centres will be created
and equipped. The company is engaging with the relevant
regional commissioners to convert its support into immediate
action.
Jacobs said as a committed partner to Tanzania
it would also be keeping its mines operational during this
challenging period to support the country’s economy. It was
also engaging with its contractors and suppliers to enlist their
support for the cause.
Barrick Enquiries
Investor and media relationsKathy
du Plessis+44 20 7557 7738Email: barrick@dpapr.com |
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press release, including
any information as to Barrick’s strategy or future financial or
operating performance, constitutes “forward-looking statements”.
All statements, other than statements of historical fact, are
forward-looking statements. The words “support”, “assist”,
“contain”, “contribute”, “support”, “will”, “believe”, “engage”,
“offer” and similar expressions identify forward-looking
statements. In particular, this press release contains
forward-looking statements including, without limitation, with
respect to financial support and preventative measures implemented
by Twiga Minerals Corporation to mitigate the impact of the
Covid-19 pandemic in Tanzania, including by equipping regional
isolation centres and engaging with regional commissioners; and
efforts to support the local economy and engage with contractors
and suppliers while maintaining the Tanzanian mines
operational.
Forward-looking statements are necessarily based upon a number
of estimates and assumptions; including material estimates and
assumptions related to the factors set forth below that, while
considered reasonable by Barrick as at the date of this press
release in light of management’s experience and perception of
current conditions and expected developments, are inherently
subject to significant business, economic, and competitive
uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking statements, and undue reliance should not be
placed on such statements and information. Such factors include,
but are not limited to: the risks associated with Covid-19 and
other infectious diseases presenting as major health issues;
failure to comply with environmental and health and safety laws and
regulations; operating or technical difficulties in connection with
mining or development activities, including geotechnical
challenges, and disruptions in the maintenance or provision of
required infrastructure and information technology systems; changes
in national and local government legislation, taxation, controls,
or regulations and/or changes in the administration of laws,
policies, and practices, expropriation or nationalization of
property and political or economic developments in Tanzania; lack
of certainty with respect to foreign legal systems, corruption and
other factors that are inconsistent with the rule of law; risks
associated with illegal and artisanal mining; risk of loss due to
acts of war, terrorism, sabotage and civil disturbances; timing of
receipt of, or failure to comply with, necessary permits and
approvals; litigation and legal and administrative proceedings;
damage to the Barrick’s reputation due to the actual or perceived
occurrence of any number of events, including negative publicity
with respect to the Barrick’s handling of environmental matters or
dealings with community groups, whether true or not; contests over
title to properties, particularly title to undeveloped properties,
or over access to water, power, and other required infrastructure;
employee relations including loss of key employees; increased costs
and physical risks, including extreme weather events and resource
shortages, related to climate change; and availability and
increased costs associated with mining inputs and labor. In
addition, there are risks and hazards associated with the business
of mineral exploration, development, and mining, including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins, flooding, and gold bullion, copper
cathode, or gold or copper concentrate losses (and the risk of
inadequate insurance, or inability to obtain insurance, to cover
these risks).
Many of these uncertainties and contingencies can affect our
actual results and could cause actual results to differ materially
from those expressed or implied in any forward-looking statements
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forward-looking statements are not guarantees of future
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some of the factors underlying forward-looking statements, and the
risks that may affect Barrick’s ability to achieve the expectations
set forth in the forward-looking statements contained in this press
release.
Barrick disclaims any intention or obligation to update or
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information, future events or otherwise, except as required by
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