Namibia: Weatherly Repositions As Copper Prices Slump

28 October 2008

Windhoek — Weatherly Mining is cutting costs as international copper prices plummet to US$3800 per tonne from well above US$6000 per tonne.

As part of cost-cutting measures, Weatherly Mining is reviewing most of its contracts, renegotiating and terminating those it believes it can replace with own employees.

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