AIM-listed copper miner Weatherly International has restarted the process of reviewing its strategic options, including the sale or disposal of its assets and subsidiaries.
Weatherly International has outlined a recovery plan for its Tschudi copper mine in Namibia, following a significant water ingress on 11 May 2018.
Weatherly International has engaged Numis Securities and Treadstone Resource Partners as financial advisers to lead a review of strategic alternatives.
Weatherly International’s plans to acquire a large-scale copper deposit in Zambia – to build on its smaller production capabilities in Namibia – has failed.
Nambia – AIM-listed copper miner Weatherly International successfully achieved nameplate production at its Tschudi operation for the quarter ending 31 December 2015. Total nameplate production...