Ero Copper gets approval for US listing

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

The Phoenix, Arizona-based copper miner reported a lower-than-expected quarterly profit on Tuesday as red metal sales missed the company's forecast.

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Only in 2019, Lima expects to receive $2.9 billion in mining investments.

If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.

KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.

Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.

High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.