Ramu Nickel was ordered shut "for not adhering to remedial measures issued six weeks ago."

The government plans to create parameters, such as size of concession versus area explored, to measure exploration efforts.

RTG Mining acquired a 90% stake in the high-grade Chanach gold and copper project.

Weda Bay, a nickel pig iron (NPI) project, is a nine-million-tonne nickel resource which will be run by Eramet and its JV partner Tsingshan Holding Group.

The project was once considered Australia's next big prospect for iron ore riches outside of the Pilbara.

The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel.

Pangaea bought an additional 6 million shares, bringing its stake in the company to over 10%.