Weatherly International

Weatherly International Plc, the AIM-quoted parent company, has been under administration since 1 June 2018. Simon Kirkhope and Andrew Johnson of FTI Consulting were appointed joint administrators with the stated goal of maximizing creditor recoveries. The Namibian operating subsidiaries remained outside the insolvency process and continued to trade under their own directors.

The administration order from 2018 applied only to the UK-listed parent company. The Namibian subsidiary entities were deliberately excluded from the insolvency process and continued trading under their existing management. The ultimate ownership and current operational status of those assets post-administration is not publicly reported.

All mines ceased production during the 2008 copper price collapse, and the company spent a decade attempting to bring projects back online while searching for joint-venture funding. It never reached its targeted 20,000 tonnes per annum production rate. The specific liquidity event that triggered the 2018 administration appointment has not been disclosed publicly.

The company owned five copper mines in Namibia, including the underground Otjihase and Matchless operations, a planned open-pit at Tschudi, and the Berg Aukas zinc-lead-vanadium development project. It also held a concentrator at Tsumeb, tailings projects, and a manganese subcontracting arrangement in Burkina Faso through Wadi. The Kombat mine had previously been divested.

The company's shares were quoted on the AIM market of the London Stock Exchange. The appointment of administrators normally triggers a suspension of trading. No subsequent filings indicate a return to quoted status or a corporate recovery of the parent entity.