The exploration and development company became the second Australian miner since April to back off from plans to buy the Glencore's CSA, in New South Wales.
Indonesia plans to open up more sectors to foreign investors and reboot its stringent labor laws to become a regional manufacturing powerhouse rivaling Germany and South Korea.
The new legislation goes further than ever before, looking at not only the domestic mineral resources but the supply chains that refine the raw materials for electric vehicles.
Coalition has gone to court challenging a Trump administration’s decision that opened the door to Twin Metals’ copper, nickel and platinum project in a wilderness area of Minnesota.
Australian Mines aims to produce 53,300 tonnes of nickel sulphate and 8,500 of cobalt sulphate a year, making it a sizeable producer of the materials used in lithium batteries for electric vehicles.