| Year | Event |
|---|---|
| 2006 | Acquired the insolvent assets of Ongopolo, a Namibian copper producer, with the objective of turning around the performance of its mining and smelting operations. |
| 2008 | Achieved initial goals when world recession in 2008 caused the collapse in copper prices. Management moved quickly to close the mines in an orderly manner and to retain the mining assets in good stead. Focus moved to the smelter which was subsequently converted to a stand-alone tolling business. |
| September 2008. Weatherly mines achieved record production for quarter (July/ Aug/Sept) of 2,645t of Copper beating previous quarter 2,162t. | |
| October 2008. Following sharp fall in Copper price, Tsumeb west was closed and Matchless placed on care and maintenance. | |
| December 2008. Otjihase and Tschudi also closed. All mining operations stopped. | |
| 2009 | January 2009. Completion of 3 yr loan facility with Chelopech and extension of long term contracts for concentrate with Louis Dreyfus and Chelopech. |
| February 2009. With the cessation of mining, WTI concentrated on the development of the smelter as a tolling business smelting third party concentrates. | |
| August 2009. DPM subscribe for 40,468,000 ordinary shares in WTI for £2m (app 3p per share). | |
| September 2009. Signed a letter of Intent with East China Mineral Exploration and Development Bureau (ECE) whereby they would subscribe for a 50.1% stake in WTI for £16.087m. | |
| December 2009. Tschudi – Publication of a preliminary pit optimisation study prepared in conjunction with Coffey Mining (SA) Pty Ltd. | |
| 2010 | January 2010. Agreed sale of Smelter and associated assets to DPM. This caused cancellation of LOI with ECE. |
| March 2010. The smelter was sold to clear debts and provide funds for the reopening of the mines. | |
| May 2010. A capital reconstruction was approved by the courts which enabled the company to pay an ‘in specie’ dividend comprising Dundee Precious Metals shares from the sale of the smelter. | |
| July 2010. Signed MOU with ECE to establish a JV company (ECE 65%, WTI 25%, WTI S/H 10%) to pursue development of Berg Aukas Lead/Zinc project in Namibia. | |
| July 2010. Annoucement of go ahead for the reopening of Otjihase and Matchless mines (Central Operations) announced. | |
| September 2010. US$7 million funding finalised with Louis Dreyfus Commodities Suisse S.A. for reopening Otjihase and Matchless (Central Operations) in Q1 2011. | |
| October 2010. First (50%) release and distribution of Dundee Precious Metals shares to shareholders. | |
| 2011 | January 2011. Forward sales of approx 20% of the output from Central Operations for first 18 months of production at an average weighted price of US$9500/t. |
| February 2011. Announced that mining has resumed at both Otjihase and Matchless. |