• Twiga Minerals contributed $558 million to Tanzania’s economy in H1 2025, 62% of its 2024 total.
• The joint venture pays significant taxes and sources 90% of supplies locally, employing 95% Tanzanians.
• Twiga accounts for 51% of Tanzania’s mining sector revenues and has contributed nearly $4.8 billion since 2019.

Twiga Minerals, a joint venture between Barrick Mining and the Tanzanian government, pumped $558 million into Tanzania’s economy in the first half of 2025. The Canadian mining company announced this figure on July 7, which represents roughly 62% of the $888 million it declared for all of 2024.

The company operates the North Mara and Bulyanhulu gold mines. From January to June 2025, Twiga paid $202 million to the Tanzanian government in taxes, dividends, and royalties. Tanzania holds a 16% stake in the venture, while Barrick owns 84%.

While the full breakdown of the $558 million is undisclosed, Twiga sources 90% of its supplies from Tanzanian vendors. The company employs 5,741 people, 95% of whom are Tanzanian nationals.

This contribution underscores the partnership’s vital role in Tanzania’s economy. According to the Tanzania Extractive Industries Transparency Initiative (TEITI), Twiga generates 51% of the country’s mining sector revenues. This strong half-year performance coincides with a surge in gold prices, which crossed the historic $3,000 per ounce mark in 2025.

Twiga’s production supports both mines, which together are expected to exceed 500,000 ounces of gold output this year. Since its 2019 inception, Twiga Minerals has injected $4.79 billion into Tanzania’s economy, accounting for 6% of the nation’s GDP, estimated at $78.78 billion by the World Bank in 2024.

This article was initially published in French by Aurel Sèdjro Houenou
Edited in English by Ange Jason Quenum