The shares will be sold to MIND ID, Indonesia's state mining holding company.

The world’s third-biggest steel firm has seen its shares fall almost 8% in August after a surge in July.

The world's largest steelmaker hopes to keep a stable iron ore supply with a reasonable price.

The partners spent years mired in a tussle over development of the Oyu Tolgoi mine which is the country's biggest foreign investment.

A successful move into the DLE sector would likely cement Albemarle's dominance in the fast-growing industry.

Newmont has become its largest controlling shareholder following a $1.8m investment.

The company posted net income for the second quarter ended June 30 of $650 million, or $5.52 per share.

Jaguar's principal operating assets are currently all located within the Iron Quadrangle, a prolific greenstone belt in Minas Gerais.