Barrick ponders gold operation

Barrick Gold, the world’s biggest producer of the metal, will probably take steps to stop production at its Zambian operation after the country increased mining royalties. That process was to be announced yesterday, according to a person, who asked not to be named because the information is private. Zambia approved Finance Minister Alexander Chikwanda’s 2015 budget proposals to replace corporate income tax on mines with increased royalties. – Bloomberg