28th Jan 2008 07:00
Weatherly International PLC28 January 2008 Weatherly International plc ('Weatherly' or the 'Company') Weatherly Signs Long-Term Supply Agreement to Smelt Copper Concentrates Weatherly International plc, the AIM listed integrated base metals producer withcopper mining and smelting operations in Namibia, is pleased to announce it hassigned a long-term copper concentrate supply agreement with Louis DreyfusCommodities. Under the agreement, Weatherly will purchase and process up to50,000 tonnes per annum of Peruvian copper concentrate at its Tsumeb smelter foran initial three year term. The first consignment of copper concentrate will bedelivered during the second quarter 2008. Commenting on the agreement, Rod Webster, CEO of Weatherly International, said"This deal is similar to our Chelopech agreement with Dundee Precious Metals andfurther demonstrates delivery of our smelter strategy to target more complexconcentrates. Tsumeb is one of the few smelters in the world which can processconcentrates that are high in arsenic, which we believe offers Weatherly astrategic and financial advantage." For further information contact: Max Herbert, Company Secretary Weatherly International +44 (0) 207 868 2232Paul Craven, Chief Financial Officer Jakob Kinde, Stephen Pickup Libertas Capital +44 (0) 207 569 9650 Alex Buck BuckBias +44 (0) 207 244 8053 +44 (0) 7932 740 452 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Weatherly International Plc