Weatherly International Plc, which closed its four copper mines in Namibia late last year because of low prices, plans to reopen the mines after prices recovered, New Era newspaper reported, citing the company's country manager, Hans Nolte.
Weatherly Namibia is conducting feasibility studies to ensure that when the mines open again, they are less susceptible to price changes, Nolte told the newspaper. The company is also looking for 60 million Namibian dollars to expand its smelter, which didn’t close and relies on imported copper concentrates, Nolte said.
Source: Bloomberg
No comments:
Post a Comment