The boss of Australian copper miner Oz Minerals, Andrew Cole, is confident his company’s takeover bid for the Brazilian-focused junior copper company Avanco Resources will win the backing of Avanco shareholders.

Speaking on the sidelines of a Melbourne Mining Club event on Thursday, Mr Cole said Avanco’s portfolio of assets in Brazil was an ideal fit for his company, and that support for the bid among Avanco shareholders was progressing well.

Mr Cole also painted a strong outlook for the future of copper, citing the rise of electric vehicles, the surge in renewable energy and regulatory moves to reduce emissions and pollution across the world.

“If you want to generate renewable energy through wind, you need a lot of copper in those wind towers. If you’re going to use electric vehicles, an electric vehicle has a lot more copper than its analogue counterpart.

“If you want to use electricity to run trains or trucks, you need a lot more copper than the analogue counterpart. So it’s not just about EVs (electric vehicles) if you like, it’s more the complete story," he said.