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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 is 17 000 tpa with production for December of 1...