Barrick strengthens zambia partnership, invests in major expansion of lumwana mine

All amounts expressed in us$ lusaka, zambia, oct. 04, 2023 (globe newswire) -- barrick gold corporation (nyse:gold)(tsx:abx) – barrick's transformation of its lumwana mine into a world-class producer will provide strong impetus for the government's thrust to revive the country's copper industry, president and chief executive mark bristow said yesterday after a meeting with zambian president hakainde hichilema. barrick is investing almost $2 billion in an expansion project designed to increase lumwana's annual production to an estimated 240,000 tonnes of copper from a 50 million tonne per annum process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper producers.
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