The biggest value drivers of the transaction will come from Newcrest’s two Tier 1 operations, Cadia and Lihir.

Shanxi Donghui Energy Group bought the mine from Ivanhoe Australia in 2013.

A new mining quota application system will be available to nickel miners from October and applications can be filed from November.

The board of directors has voted to elect Robert Harding, who has been a director of First Quantum since 2013, as the interim chairman.

After concluding its metal stocks inventory, Aurubis identified damage amounting to 185 million euros.

Government will step up support for miners to identify more areas where critical minerals, such as nickel and chromium, can be extracted.

Buyers lack conviction and the view from the factory floor remains cautious as margins are suppressed and profits wither.

Talks were held amid tense diplomatic relations between the two countries.