The Tulawaka mine is a 70/30 joint venture between Barrick and Northern Mining Explorations Ltd. The site is located approximately 1,000 kilometres from Dar es Salaam and 120 kilometres west of Barrick’s Bulyanhulu mine.
The processing operation uses gravity separation technology to recover approximately half the contained gold, with the balance from conventional carbon-in-leach technology.
In 2008, Barrick’s share of production was 148,000 ounces of gold at total cash costs of $212 per ounce1. The Company’s share of proven and probable gold reserves as of December 31, 2008 is estimated at 80,000 ounces of gold2.