UPDATE 1-Barrick to suspend operations at Zambian mine after tax increase
December 18, 2014 at 08:34 AM EST
TORONTO, Dec 18 (Reuters) - Barrick Gold Corp said on Thursday it was initiating procedures to suspend operations at its Lumwana copper mine in Zambia, following the passage of legislation that raises the royalty rate on the country's open pit mining operations to 20 percent from six percent.