The agreement will also underpin the development of a new renewable energy project in North Queensland.

Its Pilbara shipments guidance is unchanged for 2023 and remains in the upper half of the 320 million to 335 million ton range.

Analysts at BMO Capital Markets said some investors might have preferred Gold Fields' interim CEO Martin Preece being made permanent.

The world’s metal traders are enduring one of their toughest periods in years.

Harmony recorded six fatalities in its financial year which ended on June 30.

The group is seeking preferential terms on transport, grades and delivery arrangements.

Alejandro Rivera has been closely involved with Codelco's lithium strategy for years.

Chairman Pacheco also said the company would maintain capital spending next year at $4 billion, roughly in line with 2023.