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This change is driven by the growing use of cobalt in EV batteries and various industrial applications.
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The assets are located within the KMF in the Northern Cape province.
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As Australia ramps up investment in green metals, we look at the challenges and opportunities of the aluminium industry.
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Glencore International and entities managed by Anchorage Structured Commodities Advisor will purchase approximately 20.5% of the shares.
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HESTA's stake is valued at approximately A$14m ($8.99m).
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These funds are expected to sustain TMC's operations until the potential issuance of a commercial recovery permit.
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The company forecasts that approximately 125,000t of ore will be extracted from the starter pit over the next five months.
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The incident occurred during a raid by Nigerien security services on the offices of Orano's subsidiaries in Niamey.
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