The Southeast Asian nation is looking to follow neighbouring Indonesia, which lured major investment in processing plants for its huge deposits.

Steelmakers have raised concerns with Australian authorities that BHP could become too dominant in the global supply of coking coal.

The takeover should bring Nippon Steel's global crude steel capacity to 86 million tons per year, close to its goal of 100 million.

India is considering offering incentives to encourage private companies to set up lithium processing facilities.

Indonesia's high-grade nickel reserves is estimated to last until 2035, while its low-grade nickel until at least 2069.

The current permits are set to expire on May 31.

Hindustan Zinc said it plans to pay 42.25 billion rupees in interim dividends, potentially aiding parent Vedanta Resources' deleveraging plans.

The project is considered one of the world's largest underdeveloped copper-gold areas by Barrick.