The mine is the first to operate with desalinated water in an area of the country that has suffered a 15-year drought.

The nickel market surplus widened last year to 238,800 tonnes from 103,900 tonnes in 2022.

The suspension could exacerbate a tightened supply of zinc concentrates.

Under the proposed deal, the French state would subsidize energy prices alongside local authorities up to 200 million euros a year.

The company received the letter of interest from the United States, Export-Import Bank.

Governor Dunleavy sued Biden last week for the president's 2023 decision to block the giant Pebble project. The suit seeks more than $700 billion.

Deadline to set terms on a partnership extended from the end of this month.

According to analysts at Macquarie, demand for both platinum and palladium from the auto sector will start falling beyond 2025.

The Yumpag project was approved to mine 1,000 tonnes per day, allowing it to produce an estimated 6.5-7.2 million oz. of silver by 2024.

The projection comes on the back of record output in 2023.

Zimplats did not say how many of the 8,000 permanent and contract jobs were targeted.

A senior Indonesian mining ministry official said the country was working to accelerate the approval process.