Tschudi copper project, Namibia
Name and Location
Tschudi copper project, Namibia.
Client
Weatherly International.
Project Description
A bankable feasibility study (BFS) on the Tschudi project has indicated a robust project. Tschudi has mineral resources of 50.1-million tonnes at 0.86% copper and a reserve of 22.7-million tonnes at 0.95% copper.
The BFS envisages an openpit mine and an estimated mining rate of 17-million tonnes a year.
The ore will be processed using solvent extraction electrowinning at a rate of 2-million to 2.6-million tonnes a year of ore.
The mine is expected to produce 17 000 t/y over an 11-year mine life.
Value
Initial capital required to develop the project is estimated at $81-million.
Duration
Mining at Tschudi is expected to start in the third quarter of 2014.
Latest Developments
Weatherly has been granted full environmental clearance for the Tschudi project.
In March, Weatherly signed a term sheet with RK Capital for an $88-million debt facility, which covers the funding requirements of the project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Weatherly International, tel +44 207 917 2989, fax +44 207 439 0262 or email info@weatherlyplc.com.
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