Company News: Weatherly International
Updated: 23 Sep 2010
Weatherly owns five Copper Mines as well as a number of development projects in Namibia and elsewhere in Africa. All its operating mines were closed at the end of 2008 following the dramatic collapse in Copper prices.
In Namibia, the Company’s future strategy is to re-establish a copper mining business capable of sustaining approximately 20,000tpa of copper at average industry cost of production for the next ten years.
We are:
• focussed on bringing back into production the best of the underground mines at Otjihase and Matchless (Central operations).
• completing a detailed feasibility study for the development of a new open pit mine at Tschudi.
• increasing our efforts as subcontractors to Wadi to secure the Tambao manganese project in Burkina Faso.
• seeking a JV partner to complete a feasibility study and fund the development of Berg Aukas.
• Where we have no immediate plans to develop a mine we will divest the asset for value as we have with Kombat.
• We also own a concentrator at Tsumeb and associated tailings project at Tsumeb.
Financial Information
- London
- W1J 9HF
- United Kingdom
Most Recent Company News
- Namibia: A mineral cornucopia - 30 Sep 2011 11:48am
The re-election of President Hifikepunye Pohamba and his ruling South West African People’s Organisation (SWAPO) for a further five-year term in November 2009 has ensured the continuation of broadly pro-business policies Read more... - Weatherly deals with China - 01 Jul 2011 11:45am
Jiangsu Eastern China Non Ferrous Metals Investment Holdings Company Ltd (ECE) has signed an agreement with Weatherly International plc to acquire a 60% stake in the latter’s recently formed China African Resources plc Read more... - Weatherly offloads Namibian project to Chinese - 27 Jun 2011 3:22pm
China’s Jiangsu Eastern China Non Ferrous Metals Investment Holdings Company Ltd (ECE) has signed an agreement with Weatherly International plc to acquire a 60% stake in China African Resources plc (CAR). Read more... - Stockpile: New developments give Rio Tinto a boost in London - 03 Dec 2010 4:41pm
Rio Tinto responded positively to a series of announcements on the London main market this week. Read more... - Investor Seminars: Base Metals Day Oct 2010 - Copper breaks loose - 22 Oct 2010 11:24am
Goldman Sachs recently raised its copper price forecasts, saying "cyclical volatility will drive prices as macroeconomic concerns lessen". At the recent Investor Seminar on base metals, delegates were told that copper, in particular, is expected to outperform most other metals. Read more... - New energy fuels growth - 06 Aug 2010 11:57am
President Hifikepunye Pohamba and the ruling South West African People’s Organisation (SWAPO) were decisively re-elected in the presidential and National Assembly elections of November 2009 Read more...
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