The DRC is intent on revisiting mining contracts, rescinding and reselling unused oil permits and boosting taxes on beer to fund its development plans.

The country's mining minister said in a tweet that the parties had reached the agreement in crunch talks.

The Brazilian mine accounts for half Vale's copper production – engineers hope to resume output end of October.

The copper market remains a quiet zone amidst the mayhem elsewhere, even if it is unlikely to remain so for much longer.

Direct and indirect emissions will be lowered by accelerating the use of renewable energy and reducing or eliminating the use of diesel trucks.

The miner is in early discussions with billionaire Robert Friedland’s Ivanhoe Mines to buy into the Western Foreland project.

Earlier reports from London have GSC looking to raise £3.5 million from the IPO.

An Aurubis spokesperson told that reasons for the increase included strong demand for copper which is expected to continue.