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Weatherly gets environmental clearance for Tschudi

Mon, 29 April 2013 03:33
by Villager Reporter
News

Copper mining, development and exploration company Weatherly International has announced the granting of the required environmental clearance for its Tschudi project.
The Tschudi open-pit mine is located outside Tsumeb in the Oshikoto Region.
The company’s Chief Executive Officer (CEO), Rod Webster said in a media statement issued on Friday that Weatherly is making significant progress towards becoming a mid-tier copper-producing company, and the Tschudi environmental clearance is another important milestone in this process.
“The Ministry of Environment and Tourism (MET) has reviewed the environmental amendments submitted by Weatherly in February this year and an external consultant, in conjunction with the ministry, completed the required review. The full environmental clearance requested has now been granted by MET,” he boasted.
Weatherly is listed on the London Stock Exchange (Alternative Investment Market - AIM), and currently has two copper-producing mines – its Otjihase and Matchless projects.
The company recently completed a bankable feasibility study on the Tschudi copper project, which will enable Weatherly to achieve its medium-term strategy of establishing a copper-mining business capable of sustaining approximately 25,000 tonnes per annum (tpa) of copper at an average industry cost of production. 
The company also has a 25 per cent stake in an AIM-listed company, China Africa Resources (CAF), which is currently focused on the development of the lead and zinc project at Berg Aukas in northern Namibia.