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.

Weatherly are presenting in London on Monday 26th November @ 18:00.

Registration details click HERE

Other companies presenting are Central China Gold (GGG) and European Damonds (EPD), now known as Kopane Diamonds.
Proactive Investors One2One Forums

Monday 26th November 2007

Each company will present for 20 minutes with 10 minutes Q&A to follow. After the presentations are complete the directors will be available to take questions during a free canapand wine reception which will be open until 9pm

5:45pm for a prompt 6:00pm start at the Chesterfield Mayfair Hotel 35 Charles Street, Mayfair, W1J 5EB


GREEN PARK is the nearest tube station.

Superb presentation by Wetherley last night!

WTI look undervalued for 2008 IMO, (providing the price of copper holds at reasonable levels), they must surely increase in value during the next year!

WTI are due to increase production at their producing mines, commence production at new mines, and increase throughput at their Namibian based smelter.

And then they have exploration too!

Best AIM listed presentation I have seen for many a month, I will be buying as soon as funds are available.


Media comment, click HERE

Kombat mine dewatering stopped, Click HERE

Does anybody know if WTI's mines in Namibia are affected by the power shortages in South Africa?

Halifax,

The answer may be in this article, click HERE

Anothe article has been published, click HERE

This one looks to be on the move north...
See article

September 16, 2009

Weatherly International Will Have A Very Powerful Chinese Partner Next Year


By Charles Wyatt



If further evidence was needed of the way the Chinese are buying their way into crucial commodity projects across the world, one would need to look no further than Aim listed Weatherly International, a company that has been having a hard time of late. The drastic fall in the price of copper towards the end of last year prompted chief executive Rod Webster to put the companys copper mines in Namibia on care and maintenance, to sell off all non-core assets, and to switch the role of the companys smelter at Tsumeb. Instead of solely treating ore from Weatherlys own copper mines, Tsumeb is now an independent custom facility and treats concentrates from all parts of the world. To make sure this was done to maximum efficiency, Rod had the companys Ausmelt furnace at Tsumeb rehabilitated.
As a result Tsumeb has become a major regional custom smelting business, with strong production growth potential through brownfields development and exploration projects. And this strong regional positioning has come to the attention of East China Mineral Exploration and Development Bureau, which is going to pump 16.087 million into Weatherly at 3.6p per share and thus gain effective control with a holding of 50.1 per cent.

So far, so good. What now remains to be seen is whether the shareholders of Weatherly think this deal is going to be in their best interests. If they listen to Rods explanation of the deal they ought to be fairly satisfied. The odd penny more or less at this stage could be as nothing, compared with the potential of a company that would have major Chinese involvement and the possibility of a listing in Hong Kong or Shanghai at some stage in the future. Some of the biggest investors in Weatherly have already given their verbal approval, as they envisage fairly pedestrian progress from the company if its left to its own devices.

A lot depends on ones view of the potential of East China as a partner. The deal is only subject to a Letter of Intent at the moment, but East China is a heavyweight parastatal and it does not go around signing its name lightly. Its most recent deal in June involved the acquisition of a 25 per cent stake in ASX-listed Arafura Resources. As a result of this deal, East China intends to fund the engineering feasibility study on the major Nolans rare earth project in the Northern Territory. East China is well qualified to help with this as it is one of the few State authorised organisations focused on engaging in mineral and energy exploration, and is permitted to carry out exploration as well as scientific research on major State classified projects.

It claims to have discovered more than 160 ore deposits in China, with a combined value in excess of US$10 billion. East China was formed back in 1955, and now has over 4,000 employees, eight subsidiary exploration units, seven scientific research institutions, a business research and development centre and 22 subsidiaries specialising in mining, engineering and drilling. Its technical expertise and qualifications are clear to see, so it is well positioned to invest in exploration and development outside China - and this is clearly the remit it has been given.

So, Rod has a whale by the tail, and the first thing East Chinas funds will do is lift the cloud thats currently hanging over Weatherly in the shape of the US$3 million in outstanding convertible loan notes, not to mention US$1 million in interest. These will be redeemed, as will the remaining US$9 million in convertible loan notes, plus interest when they fall due.

The partnership, however, goes a lot further than simply allowing East China to get a hand on a regional concentrator and smelter unit in Namibia, plus some copper mines. All the directors of Weatherly are going to remain on the board, which is a fair pat on the back for them, and it will certainly ensure that the Aim listing is maintained and all information on operations is available. This is important, as once the subscription is done and dusted East China wants to sell to Weatherly its wholly-owned company ECEN, which itself owns some exploration and prospecting licences in Namibia. The price will be based on an independent valuation. It may also introduce some deals to Weatherly on projects based in China or elsewhere in the world, and all such deals would be paid for in Weatherly paper. Ah, says the cynic, thats how it is going to increase its holding and squeeze the minority. The answer quite simply is no. Weatherly has agreed to place such shares so as to keep East Chinas holding at 50.1 per cent.

The deal is due to be completed by the end of January, and by that time approval from Aim, the Chinese government, shareholders, and various authorities in Shanghai and London will have to have been obtained. One important factor is the whitewash from independent shareholders, which means that East China does not have to make a formal bid for the whole company. Rod Websters early discussions with fund managers indicate that there will not be a problem over this, so 2010 could be quite a year for him and for Weatherly.

In the meantime he looks forward to being able to re-open the Otjihase and Matchless mines and is very optimistic about the future of the Tschudi open pit copper project. Last year it underwent a major drilling programme to upgrade it from its initial resource of 356,385 tones of copper. Everything then went on hold, but the data is now being assessed and a significant uplift in the resource can be expected in the next couple of weeks. Detailed mine planning, metallurgical testwork and the finalisation of the feasibility study will follow, and this should all be finished by the middle of next year.

Easy to see why East China sees plenty of potential in Weatherly, and it is worth noting that most of the concentrates being toll treated through the smelter come from the Chelopech mine in Bulgaria operated by Dundee Precious Metals, and from the El Brocal mine in Peru from which Louis Dreyfus Commodities supplies concentrate under contract. A couple of useful names that East China will be able to call customers once the deal goes through. And, as long as it does, the new Weatherly will offer investors a fascinating Chinese opportunity.

This little comp, doing me very nicely at the mo..:))

Keep on climbing you little beauty..

30% up now.....Mrs i this what share dealing is all about..... .01p ha

33% up to finish, lovely should double my money tomorrow..... looking at the chart I'm not sure if a left sholder is forming...... or is it RF's bottom.... not sure, he'll be able to tell if it's a good chart sign..:))

bb seems to have fallen on its bottom, hope you got out in time!

Looks like it bounced back....phew

I've just joined here only a small holding but it often pays to jump in on a knock back like today. The chinese are clearly sniffing around so some of my pxs have funded this one. I hope to read up more and then add. GL to you BB

nice to see you both, thought i was on my own...lol

not much action here today no wonder it's quiet. I've been looking at another quiet one RRR are you still in BBoy? worth a punt?

Sorry M+, been away for weekend. no not in RRR at mo,BUT i've been watching very close and can't make my mind up. cheers BB

Just wait until the ECE deal goes through, we will easily be reaching double figures then. It could be very soon also...

Mining and Resource Investor Evening- London – 19th September 2013 

Following the resounding success of our previous evening events, Mining and Resources Quarterly and Shares Magazine are proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.

REGISTER NOW FOR LONDON EVENT ON 19th September 2013

Date: Thursday 19th September 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London  EC3N 2NR 

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting: