Weatherly International Plc Current Job Vacancies
On 1 June 2018, Simon Kirkhope and Andrew Johnson of FTI Consulting LLP were appointed as Joint Administrators of Weatherly International Plc (“WTI”). The Administration appointment relates solely to WTI with all other entities within the Group remaining outside of an insolvency process and continuing to trade under the control of their directors.
The Joint Administrators will work closely with the management of the subsidiary entities to establish the optimal strategy for the Group with a view to maximizing recoveries to creditors of WTI.
Should you wish to contact the Joint Administrators please do so on WTIShareholders@fticonsulting.com or 020 3727 1616.
From an investment perspective, Weatherly (WTI) offers highly-leveraged exposure to an improving environment for copper mining fundamentals. Prices are coming off cyclical lows, copper grades in the largest producing region continue to decline, pushing average costs of production higher, and though demand growth has slowed, it continues to rise with no clear prospects for large-scale substitution.
Within this fundamentally improving environment, Weatherly has proved its ability to adapt to cyclical lows while it prepares to maximize shareholder upside during a cyclical bull market.
In practical terms, we are a proven team of mine builders and operators focused on base metals in lower-risk parts of Africa. We seek medium-scale opportunities that do not attract the attention of the major miners but are beyond the skill set of junior explorers and/or first-time developer hopefuls.
Our strategic goal is to grow a reliably-profitable long-term mining business comprised of these “Weatherly-style” mines.
Our immediate plans are to continue optimizing our flagship Tschudi mine while carefully preparing Otjihase (placed on care and maintenance in 2015) for a resumption of operations on a larger scale than previously, targeting sustainable copper production of 30ktpa in Namibia at costs below US$2/lb.
We are strongly supported in these endeavors by our largest shareholder, lender, and main offtake partner, Orion Mine Finance.
We are not explorers, but we are logical partners for junior explorers who need development expertise. It is of course far more common for junior explorers to discover something small- or medium-scale than to discover a giant, and Weatherly is better positioned than anyone else in lower-risk parts of Africa to bring medium-scale projects into development.
Apply For Weatherly International Plc Current Job Vacancies Here.