The Wetar copper project, in Indonesia, is expected to reach its targeted production rate of 25 000 t/y by the second half of this year, after a $24-million cash injection from new owner Eastern Field Development (EFDL).
EFDL in October 2017 launched a takeover bid for project owner Finders Resources, closing the bid on April 5 this year with a 97.09% interest in the company.