According to The Economist Intelligence Unit, global energy consumption from renewables will jump by 14% next year, yet not enough to solve a climate crisis.

Egypt-focused Centamin said the proposal did not offer enough value its shareholders.

The funds will allow the miner to speed up development of its world-class Colluli sulphate of project (SOP) in Eritrea.

Friedland previously pledged 25m shares in Vancouver-based company to a bank.

Russia can lay claim to the globe's largest undeveloped copper project and two island nations also make the top ten ranking.