Indonesia approves 38 of 84 requests for 2023 mining quota revision

Harita Nickel raises $672 million in Indonesia’s largest initial public offering in 2023.

Automakers and steelmaking companies have shown interest in the technology, according to Gerard Barron.

The restrictions have increased more than five-fold in the last decade to a point where 10% of the global value of exports is subject to at least one measure, the OECD says.

The deal still remains subject to other conditions, including approval by OZ Minerals' shareholders, and by an Australian court.

The Southeast Asian country has been trying to leverage its nickel reserves to attract investment from battery and EV makers.

The Japanese company will also enter discussions with a major overseas resource developer, the newspaper reported.

Saudi Arabia has spent more than $37 million since 2017 searching for deposits but only managed to identify reserves that would be “severely uneconomic” to mine.

The pricing was set at the higher end of the initial indicative offering range.

The Metals Company expect to file an application in H2 2023 and to receive a mining license in 2024.