Company plans to produce 109,100 tonnes of refined zinc in the first half of the 2021/22 financial year that started this month.

Company said in a statement that it had reached a collective agreement with the mine's worker union, which included a bonus payment of around 4.16 million Chilean pesos ($5,776) but no salary adjustment.

The project by PT Halmahera Persada Lygend (PT HPAL) is expected to be the first smelter in Indonesia to use high-pressure acid leach (HPAL) technology to produce nickel and cobalt chemicals.

Biden on Wednesday proposed spending $174 billion to promote EVs and increase the number of charging stations by 12-fold.

Measured and indicated resources contain a total of 13 million gold ounces and 3.7 million tonnes of copper.

The Vancouver-based company says it plans to use the funds to refinance all existing debt, and to advance its growth projects.

Company is scouting for locations to set up a new copper smelter in India as its plant in the southern state of Tamil Nadu has remained shuttered for close to three years.

Ramp-up to full production is expected to take up to two weeks.