|
Weatherly and sustainable technology group teams up in Namibia
WEATHERLY International has revealed plans to team up with the sustainable technology group Allied Intellectual Capital to build a plant to recover as much as US$1 billion of metals from the Tsumeb mine tailings dam in Namibia.
Work will begin immediately and the plant is due to come on line by the middle of next year, the London-based Weatherly said in a statement.
Weatherly took over operations at Ongopolo Mining last year and recently announced that it will commission the Tsumeb concentrator ahead of schedule to take full advantage of currently high copper prices.
The start of operations at Tsumeb will be the first major step towards raising copper output above existing levels. Ongopolo was on the verge of bankruptcy when Weatherly rescued the company through a N$120 million deal.
The Tsumeb copper smelter, comprising three furnaces, is a key asset for Weatherly.
The current operating capacity of the first smelter is 24,000 to 32,000 tonnes a year, while the second, larger copper furnace and the zinc furnace require refurbishment.
|
