Miners shrug off China slowdown worry

Metals and mining deal-making gave equity capital markets a fillip on Tuesday even as the sector suffered following on from a poor overnight showing in Chinese markets. Zambian copper firm Konkola Resources announced its intention to list in London in a $1.1bn deal and Belgian zinc company Nyrstar set out plans to raise Eu500m in a rights issue after buying a Canadian rival. Meanwhile, Vallar, the cash shell listed in London over the summer, agreed to buy Indonesian coal miners Bumi Resources and Berau Coal in a $3bn deal.