https://www.miningweekly.com

Weatherly updates Tschudi copper ore reserves to 24.4Mt

15th December 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – London-listed Weatherly International has announced updated ore reserves of 24.4-million tons at 0.85% copper for 214 000 t of contained copper metal after mining depletion of 8 000 t at its Tschudi mine, in northern Namibia.

This represented an increase over the revious reserve estimate of 215 650 t of contained copper, it said in an update on Tuesday.
 
A study had, meanwhile also update cash costs, outlining a 9% decline in life-of-mine (LOM) costs to $3 865/t of copper cathode, while current cash costs for the 2016 fiscal period were expected to be between $4 250/t and $4 350/t.

The upfront capital expenditure requirement was estimated at $1.2-million.

Weatherly was, meanwhile, evaluating expansion opportunities to increase processing capacity from 17 000 t/y to 20 000 t/y which, if implemented, would result in a further reduction in LOM operating costs to $3 785/t.

“As promised in October, we have been able to provide updated LOM cost guidance for Tschudi based on the updated reserve estimate, and we are very pleased to report that these costs have improved by 9% compared with the feasibility study estimates.
 
“The team we have in place on site are focused on further improving the financial outcomes from the Tschudi project in the year ahead and I am looking forward to updating the market as further information regarding the processing schedule options becomes available,” commented CEO Craig Thomas.

Edited by Natalie Greve
Creamer Media Contributing Editor Online

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.141 0.187s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: