On December 18, 2014, Barrick Gold announced it will initiate procedures to suspend operations at its Lumwana copper mine in Zambia. This comes in …

Barrick Gold Corp, the world's biggest gold producer by output, will continue operating its Lumwana copper mine in Zambia while awaiting changes to the …

Barrick has already announced that it will suspend operations at its Lumwana copper mine, which puts the jobs of 4,000 workers at risk. The company says it will begin laying off workers in early March and will cease activity the mine by June.

Zambia in January hiked mineral royalties for open pit operations to 20 percent from 6 percent, prompting Toronto-based Barrick Gold to say it would suspend operations at …

Canadian firm Barrick Gold announced it would suspend operations at Lumwana over the levy and begin laying off workers in March. "Given the substantial impact of the new royalty and in light of current low copper prices, Barrick intends to proceed with a suspension of operations at Lumwana unless an agreement with the government of Zambia can be reached," the company said …

Canada-based Barrick Gold is set to initiate procedures to suspend operations at the Lumwana copper mine in Zambia's north-western province, following a proposed increase in royalty rates.. The latest announcement, approved by Zambia's Finance Minister Alexander Chikwanda in the 2015 budget, recommends an increase in royalty rates on open-pit mining from 6% to 20%.

Barrick Gold Corp will continue operations at its Lumwana copper mine in Zambia while awaiting changes to the country's mineral royalty tax, a spokesman told Reuters on Friday. Barrick had said it would suspend operations after Zambia hiked mineral royalties to 20 percent from 6 percent in January. "We are encouraged by the President's recent statement and will carry on operating at …

Zambia in January hiked mineral royalties for open pit operations to 20 percent from 6 percent, prompting Toronto-based Barrick to say it would …

Canada's Barrick Gold (NYSE:ABX) (TSX:ABX) said Thursday it will suspend operations at its Lumwana copper mine in Zambia, after the country increased this week mining royalties from 6% to 20% ...

By Chris Mfula LUSAKA (Reuters) - Zambia's president said on Monday his government would not allow mining jobs to be lost at Barrick Gold's copper mine after workers went on strike to protest against the company's plans to suspend operations due to high royalties. Zambia in January hiked mineral royalties for open pit operations to 20 percent from 6 percent, prompting Toronto …

TORONTO (Reuters) - Barrick Gold Corp said on Thursday it would suspend operations at its Lumwana copper mine in Zambia following passage of legislation that raises the royalty rate on open-pit mining operations in the country to 20 percent from 6 percent. The Toronto-based miner had said it would consider such a move if the legislation passed. The new plan, expected …

TORONTO (Reuters) - Barrick Gold Corp said on Thursday it would suspend operations at its Lumwana copper mine in Zambia following passage of legislation that raises the royalty rate on open-pit ...

Barrick Gold (ABX) announced today that it will suspend operations at Zambia copper mine following the passage of legislation that raises the royalty rate to 20% from 6%.

Following the Zambian government's new legislation hiking the royalty rate on open pit mining operations from 6% to 20%, Barrick Gold Corporation said on Thursday it would start procedures to suspend operations at the Lumwana copper mine. The new royalty legislation is expected to come into force on January 1st, 2015.

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Barrick had said it would suspend operations after Zambia hiked mineral royalties for open pit mines to 20 percent from 6 percent in January. …

By Chris Mfula. LUSAKA, April 23 (Reuters) - Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its …

Canada's Barrick Gold (NYSE:ABX)(TSX:ABX) said Friday it will continue operations at its Lumwana copper mine in Zambia while the government tweaks a …

Thursday December 18, 2014, 9:35am PST. By Teresa Matich + - Exclusive to Copper Investing News. Barrick Gold (TSX:ABX,NYSE:ABX)announced Thursday morning that it will suspend operations at its Lumwana copper mine in Zambia. The move follows the Zambian government's decision to jack up royalties on open-pit mining operations in the country from 6 percent to a …

Barrick Gold Corp. said it will suspend operations at its Zambian copper mine and record an impairment charge after the African country's government more than tripled its mining royalties.

Barrick Gold (ABX.T) announced this morning that operations at the Lumwana copper mine in Zambia will be suspended. The decision comes after the passing of new legislation that will increase the royalty rate from 6 to 20 percent. The new royalty legislation is effective January 1st, 2015 and eliminates corporate income tax but puts a steep 20% royalty in place on 'open pit' mines.

Zambia's president said on Monday his government would not allow mining jobs to be lost at Barrick Gold's copper mine after workers went on strike to protest against the company's plans to suspend operations due to high royalties. Zambia in January hiked mineral royalties for open pit operations to 20 percent from 6 percent, prompting Toronto-based Barrick to say it would suspend …

Because of the royalty increase, Barrick has announced that it will suspend operations at its Lumwana copper mine, which employs 4,000 workers. The company says it …

LUSAKA – Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. Zambia's cabinet set the royalty tax rate for open-pit and underground mining at 9% on Monday.The corporate income tax rate will be 30% and the mineral …

Barrick Gold Corporation says it will initiate procedures to suspend operations at the Lumwana copper mine in Zambia following the passage of legislation in 2015 that raises the royalty rate on the country's open pit mining operations from …

Chief Mumena of Zambia's North Western Province has urged urgent dialogue between Government and Barrick Lumwana over the mining company's decision to suspend operations in the country. The traditional ruler said suspending operations and pulling out of the country was not the solution, but instead Barrick and the Government should quickly ...

Barrick Gold Corp. said it will suspend operations at its Zambian copper mine and record an impairment charge after the African country's government more than tripled its …

ZAMBIA – Following the passage of legislation that raises the royalty rate on open pit mines in Zambia to 20% from 6%, Barrick Gold of Toronto has announced the closing of its Lumwana copper mine in that country. The new law eliminates corporate income tax, but the royalty will be levied regardless of profitability.

Barrick Gold Corp, the world's biggest gold producer by output, will continue operating its Lumwana copper mine in Zambia while awaiting changes to the country's mineral royalty tax, the company said on Friday. Barrick had said it would suspend operations after Zambia hiked mineral ro ...

TORONTO, Dec 18 (Reuters) - Barrick Gold Corp said on Thursday it would suspend operations at its Lumwana copper mine in Zambia following passage of …

Barrick Gold's report of its first quarter 2015 financial and operating results included a note that, following a Zambian government decision to drop a recently enacted 20% gross royalty on open-pit mines, the company's Lumwana copper will continue operations as usual. Barrick announced on December 18, 2014, that it intended to suspend operations at Lumwana following passage of legislation ...