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Copper miner Freeport Indonesia has restored operations at its huge Grasberg mine in Indonesia’s Papua region, after it was hit by floods, a company spokesperson said on Wednesday.

Indonesia’s Harita Nickel has started its investor roadshow ahead of a $600m public listing later this month. This comes as the first act in a political effort to keep nickel processing within Indonesia.

Barrick Gold Corp., the world’s largest producer of the precious metal, sees Indonesia as a possible site for exploration as it hunts for gold and copper deposits across South Asia.

PT Amman Mineral Internasional, which owns the second-largest copper and gold mine in Indonesia, is considering an initial public offering in Jakarta that could raise as much as $1 billion, according to people with knowledge of the matter.

The country is also looking to mandate new nickel smelters to use green energy during production process. Indonesia has unveiled plans to limit nickel smelters construction to ensure new plants produce high-value products, reported Reuters citing a report by state news agency Antara.

Freeport Indonesia’s copper output in 2023 is seen at about 1.6 billion pounds (725,748 tonnes), about the same level as last year, company chief executive Tony Wenas said on Tuesday.

The construction of US mining giant Freeport McMoRan’s Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday.

Indonesia’s foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metals sector drawing in the biggest inflows, the investment minister said on Tuesday, noting 2023 would be a more difficult year to attract investment.

Indonesia is reviewing any potential negative impact from a plan to restrict exports of tin ingot, a government official said on Tuesday, including the possibility of introducing it in phases.