https://www.engineeringnews.co.za

Weatherly restarts process to review strategic options

8th October 2018

By: Creamer Media Reporter

     

Font size: - +

Namibian base metals miner Weatherly International has restarted the process of reviewing its strategic options, including the possible sale of some of its subsidiaries or assets.

The process will be led by Numis Securities and Treadstone Resource Partners.

This follows after the company, in June, appointed Simon Kirkhope and Andrew Johnson of FTI Consulting as administrators.

Since then, material improvements have been made to dewatering capabilities at Weatherly’s Tschudi openpit mine, which had experienced significant water ingress, leading to uncertainty as to when mining operations could restart.

Weatherly on Monday said parties interested in potentially acquiring any of its subsidiaries or assets should contact Numis or Treadstone.

In addition to the Tschudi copper mine, in Tsumeb, Weatherly also owns the Central Operations, which includes three underground mines and an 800 000 t/y copper concentrator, as well as the Berg Aukas lead/zinc/vanadium project, near Tsumeb.

The Central Operations were put on care and maintenance in late 2015.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 0.98s - 140pq - 2rq
Subscribe Now