South African mining group Metorex would invest up to $400million (13billion) in new copper and cobalt project developments in the Democratic Republic of Congo (DRC) to increase output of the metals... a company spokesperson said yesterday.

The firm lifted full-year headline earnings per share by 19 percent to R1.32 on the back of higher copper and cobalt sales. Chief executive Charles Needham said: "The group is poised for significant growth over the next th We to four years with its pipeline of development projects." Shares in. Metorex were up by 2.19 percent at R16.3S on the JSE yesterday, while the mining sedor rose 2.21percent