On Thursday, Prime Minister Anibal Torres traveled to the Andean region of Apurimac, but he arrived late and then abruptly left the meeting only an hour after it had started.

"Companies that get it right will inherit the industry. Companies that don’t, will die.”

The new facility will be used by UBC geology, earth science and geological engineering students to gain critical field skills and for sustainability research.

Together, they accounted for around 13 million ounces or 12% of global gold production in 2021.

Rio Tinto said it will provide interim debt funding of up to $400 million.

Vale and BHP are expected to ask the court for the right to vote on the plan. If not allowed, the creditors' plan could be easily approved.

Andrew Forrest will become executive chairman of a combined Fortescue Group and also lead the metals business for an interim period.