African Barrick Gold (ABG) has created a total of 66,369 jobs in the country and pays salaries to its Tanzanian employees that are 10 times higher than the national average, a new report by the global audit and accounting firm Ernst & Young has revealed.
The report -- African Barrick Gold’s Total Economic and Tax Contributions in Tanzania, 2012 – says ABG directly employs 5,469 people and creates 60,900 other jobs in the country through the supply chain and consumers.
The report, which was released last week, said African Barrick Gold’s high-wage employment had a major multiplier effect elsewhere in the Tanzanian economy.
The overall employment multiplier (including indirect and induced economic activity) is 12, which can be interpreted as, for each direct ABG employee, 11 additional jobs are supported in the broader Tanzanian economy.
This multiplier is consistent with a similar recent study for a mining company in Ghana and is consistent with the high output per worker experienced in the mining industry.
“In 2012, ABG employed nearly 5,500 workers in Tanzania, paying an average annual wage of more than 22.4 million shillings to Tanzanian nationals employed by ABG — significantly higher than the average wage of 2.2 million shillings per Tanzanian worker throughout the economy in 2012,” according to the report.
Source: The Citizen, reported by Alawi Masare from Dar es Salaam, Tanzania
The report -- African Barrick Gold’s Total Economic and Tax Contributions in Tanzania, 2012 – says ABG directly employs 5,469 people and creates 60,900 other jobs in the country through the supply chain and consumers.
The report, which was released last week, said African Barrick Gold’s high-wage employment had a major multiplier effect elsewhere in the Tanzanian economy.
The overall employment multiplier (including indirect and induced economic activity) is 12, which can be interpreted as, for each direct ABG employee, 11 additional jobs are supported in the broader Tanzanian economy.
This multiplier is consistent with a similar recent study for a mining company in Ghana and is consistent with the high output per worker experienced in the mining industry.
“In 2012, ABG employed nearly 5,500 workers in Tanzania, paying an average annual wage of more than 22.4 million shillings to Tanzanian nationals employed by ABG — significantly higher than the average wage of 2.2 million shillings per Tanzanian worker throughout the economy in 2012,” according to the report.
Source: The Citizen, reported by Alawi Masare from Dar es Salaam, Tanzania
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