The mine is expected to remain in production to 2032.

The South African coal miner plans to acquire manganese and copper assets.

The joint venture has exclusive access to approximately 48,500 square kilometres of land on the Arabian Shield.

Authorities will start “the transition process for the orderly and safe closure of the mine,” Laurentino Cortizo said in a post on X.

Guidance for copper and gold content was not affected by the production disruptions.

Hedge fund Elliott Associates and market maker Jane Street Global Trading brought the case after LME cancelled $12 billion in trades in 2022.

India will also announce the acquisition of lithium blocks in Australia and Argentina in a month or two.