Weatherly International 4Q Copper Concentrate Production 5,605 Tons-Shanghai Metals Market

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Weatherly International 4Q Copper Concentrate Production 5,605 Tons

Industry News 10:09:01AM Jul 23, 2012 Source:SMM

Jul 20, 2012 (Dow Jones) LONDON--Namibia-focused miner Weatherly International PLC (WTI.LN) said Friday that fourth quarter production was 5,605 tons of copper concentrate containing 1,292 tons of copper.

Main Facts:
-The first of two new working areas at Otjihase mine has been opened up offering greater flexibility to the operation.

-The preparation of a second new working area continues with production targeted to commence in August.

-Matchless mine maintains its solid performance.

-A healthy margin continues to exist between weighted average sale price and cash costs.

-The Tschudi feasibility progresses with important revisions.

-Delivery expected by the end of the year.

-Shares closed Thursday at 3.9 pence.
 

Price

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SMM #1 Nickel
Dec.11
109850.0
1050.0
(0.97%)
#1 JinChuan Nickel
Dec.11
111850.0
950.0
(0.86%)
#1 Import Nickel
Dec.11
107900.0
1250.0
(1.17%)
JinChuan B&C
Dec.11
8450.0
-450.0
(-5.06%)
Russian Nickel Premium
Dec.11
4500.0
-150.0
(-3.23%)

Weatherly International 4Q Copper Concentrate Production 5,605 Tons

Industry News 10:09:01AM Jul 23, 2012 Source:SMM

Jul 20, 2012 (Dow Jones) LONDON--Namibia-focused miner Weatherly International PLC (WTI.LN) said Friday that fourth quarter production was 5,605 tons of copper concentrate containing 1,292 tons of copper.

Main Facts:
-The first of two new working areas at Otjihase mine has been opened up offering greater flexibility to the operation.

-The preparation of a second new working area continues with production targeted to commence in August.

-Matchless mine maintains its solid performance.

-A healthy margin continues to exist between weighted average sale price and cash costs.

-The Tschudi feasibility progresses with important revisions.

-Delivery expected by the end of the year.

-Shares closed Thursday at 3.9 pence.