|By Marketwired .||
|September 10, 2013 01:30 PM EDT||
WEST PERTH, AUSTRALIA -- (Marketwired) -- 09/10/13 -- Mawson West (TSX: MWE) CEO Bruce McFadzean was interviewed by The Wall Street Analyzer and updated investors on the company's Dikulushi property and recent Q2 production. The mine produced almost 5200 tons of copper in concentrate and also produced just under half a million ounces of silver. Mawson West also has cash and term deposits of just under $40 million at the end of the second quarter of 2013. McFadzean discussed some of the trends in the copper sector and how the company is positioned in the Congo to capitalize on them. He also laid out the company's plans for their other project, Kapulo. "The Kapulo mine, we intend to reach commercial production during 2014 and we'll ramp that project up to its full capacity of some 20,000 tons of copper a year," stated McFadzean. Having joined the company late last year, he talked about his background and the experience of the key management at MWE. McFadzean believes Mawson is unique because they are fully funded, have great ore bodies, the ability to generate cash and minimal debt.
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