Australian copper miner 29Metals launches $471m IPO

The operators are pressing the government to row back on some of the reforms President Joseph Kabila signed into law this month.

Global copper output is expected to climb from 20.4 million tonnes this year to 28 million tonnes by 2027.

But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion.

Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.

The project is being proposed by Toronto-based Aquila Resources.

Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year.

ARM declared a dividend of 250 cents per share for the first half.

German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term.

The miner expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels.