Out of Asia

It is a good time for a Kazakh copper miner to list its shares. The price of copper is booming and investors are willing to look through emerging market risk. Kazakhmys is taking full advantage. It will be selling 25% of its shares in early October. At the top of the suggested price range, the company would have a market capitalisation of £2.5bn. The buoyant market conditions should help the company persuade investors that it can find a good use for the £500m of cash that it will have on its ba...