Local first policy drives barrick's procurement practices

All amounts expressed in us dollars lumwana, zambia, june 23, 2023 (globe newswire) -- the lumwana copper mine has purchased approximately $4.3 billion in goods and services from zambian registered businesses since it went into production, in line with barrick gold corporation's (nyse:gold) (tsx:abx) local procurement and economic development practices. president and chief executive mark bristow said lumwana's local procurement expenditure in 2022 was $432 million, out of a total of $520 million, which represents 83% of the mine's total procurement spend.
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