Mining company Weatherly International delivered during the first quarter of 2016, 4,442 tons of copper cathode at its Tschudi mine in Namibia, 4% above the mine’s nameplate production rate of 17 000 t/yr . It achieved this production in December 2015 and studied various options to boost this capacity.
CEO of Weatherly, Craig Thomas who said his firm is pleased with the consistent production performance while adding that fluctuations in Namibian dollar to American dollar exchange rates helped keep production costs lower than expected. During the first quarter, production costs were at 3429$/t below guidance of the $4250/t to $43250 for the year.
Moreover, the firm declared it recorded during the March quarter an average sale price of $4742/t and the second quarter’s production forecast at about 4,250 tons, had been pre-sold to Orion Mine Finance at $4912/t.
Weatherly International has a strong presence in the Namibia’s copper industry. Its portfolio includes asides the Tschudi mine, the Otjihase and Matchless mines.
Louis-Nino Kansoun
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
In the far north of Cameroon, near the Nigerian border, lies Rhumsiki, a destination that feels almost untouched by time. Set within the Mandara...
Gabon parliament launches GTLAN platform and redesigned institutional website System digitizes legislative process, improving speed,...
Bank aims to raise CFA67.5 billion ($120 million) by selling 20% stake on BRVM Offering expected in May 2026, with listing scheduled for August...
Sumitomo to sell its 54.17% stake in Ambatovy, ending a two-decade involvement Repeated disruptions and weak nickel prices have weighed on output and...
In the far north of Cameroon, near the Nigerian border, lies Rhumsiki, a destination that feels almost untouched by time. Set within the Mandara...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...