The proposal to "coordinate and integrate nickel policy" was made this week by Indonesia's investment minister in talks with Canada.

Mary River, considered one of the world’s richest iron deposits, opened in 2015 and ships about six million tonnes of ore a year.

Indonesia is the biggest producer of nickel by a wide margin and is home to around 20% of the world’s deposits of the metal.

Rio said it will proceed with the acquisition of the 49% stake in Turquoise and will work with the special committee for a new shareholder meeting.

The Vale deal will supply GM with enough refined nickel for up to 350,000 EVs a year.

Indonesia and Canada are the world No. 1 and No. 6 nickel producers, respectively.

The amended licence increases Hobson's licensed production capacity by four-fold to 4 million pounds annually, distinguishing it as the largest uranium plant in Texas.

The Alberta Energy Regulator projected capital spending on oil and gas to increase to C$17 billion this year, which would be a 56% increase over 2021.