Over the coming years, Fitch forecasts high copper prices on the back of a bullish demand outlook as the economics of copper mining projects will become increasingly attractive to investors.
After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector.
Transnet announced it had lifted force majeure on nine coal exporting parties that had agreed to amend transportation contracts but voiced frustration at not being able to reach a deal with other miners.