The deal could be reached by mid-January.
The Chamber of Mines said that as a result of the changes, more than 58% of Zambia's copper producers would be loss-making at current prices.
The workers were ensnared on Dec. 13 when the illegal mine in the northeastern state of Meghalaya was flooded.
Shares of the company were up 1.5 percent at C$11.93 in early trade.
The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan.
Galaxy will only proceed with a strategic partner "if the final terms of the relationship properly recognise the fundamental underlying value of Sal de Vida"
The LME proposed removing its block on Rusal metal on Dec. 19, after the U.S. Treasury's Office of Foreign Assets Control (OFAC) struck a deal with Rusal to sever the Russian oligarch's control over them.
The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore.
Ore grades and efficient processing increase output in the world's top producer of the red metal.
The project at Collahuasi is one of the world's largest copper mines, with an estimated 2018 production of 545,000 tonnes.
Under the contract, Albemarle had agreed to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile.
"We need to look after the interests of the domestic steel industry"
Schvartsman, appointed CEO in March 2017 to replace Murilo Ferreira, had been set to end his term in May.
Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end.
Jean-Pierre Thomas was elected by the board as chairman with effect from Jan 1.
The $940 million rail project, AutoHaul, is focused on driverless train movement to transport ore and has been in development since 2012.
Automakers, governments, miners and other have increasingly lobbied officials for access to Chile's coveted resources.
The gloomy data points to a further loss of economic momentum as a trade dispute with the US piles pressure on China's vast manufacturing sector.
China's top copper smelters on Thursday raised their floor treatment and refining charges (TC/RCs) for the first quarter of 2019 by 2.2 percent.
Rusal said it expected to choose Warnig's successor on Thursday.
Chinese iron ore and rebar contracts, however, edged up on hopes that steel demand will pick up.
The meeting would be the first in-person talks since Trump met with Xi Jinping in Buenos Aires on Dec. 1.
The termination of the agreement will also enable Nornickel to pursue its own strategy for the African assets.
Global demand for nickel is seen increasing by 3.4 percent in 2019 from this year to 2.339 million tonnes.
The project will be located in the Lukuni region in the south.