Overview


Weatherly International is an AIM-quoted integrated base metals producer with copper mining and smelting operations in Namibia.

Weatherly is seeking to become a major southern African base metals producer, building on its strong growth prospects, niche custom-smelting business and solid African management expertise.

The company is currently operating three copper mines and a smelter in Namibia. A further two mines are in development, along with an expansion of the Ausmelt furnace at the smelter. Production is unhedged and the company is targeting a total of 50,000 tonnes of copper on an annualised basis by 2008 (20,000 tonnes from its mines, 30,000 tonnes from imported concentrates).

Weatherly intend to continue to seek and evaluate other strategic acquisition opportunities in Africa that have the potential to generate additional profitable growth for shareholders.

Copper $5600 last night.