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COPPER

Weatherly posts $1.6m FY profit despite flat copper volumes

Aim-listed Weatherly International posted a $1.6-million after-tax profit for the year ended June 30, despite its copper production for the year having remained flat at 2012 levels. The copper producer attributed its full year profit primarily to...
15th October 2013
 
BASE METALS

Weatherly resumed output at ‘opportune time’ – chair

Aim-listed copper-miner Weatherly International, which on Wednesday posted a $3,7-million half-year loss, said it expects the first revenue sales revenue from its reopened Namibian mines next month. Weatherly has contracted to sell about 20% of...
23rd February 2011
 
BASE METALS

Weatherly targets 5 000 t from Namibia copper mines in 2011

Mining activities had resumed at Aim-listed Weatherly International’s Matchless and Otjihase mines in Namibia, after $12-million was spent in 2010 to reopen the mines. Weatherly placed its Namibian operations on care and maintenance in 2008...
12th January 2011
 
BASE METALS

Weatherly raises £4,45m to accelerate Namibia projects

Namibian base-metals-miner Weatherly International on Wednesday reported that it has raised £4,45-million, or about $7-million, in funding to accelerate the company’s development plans. The company conditionally placed 89-million shares of...
25th November 2010
 
BASE METALS

Weatherly spending $12m to reopen Namibia mines

Namibian base-metals-miner Weatherly International would spend $12-million on restarting and operating its Central Operations, where production would resume in 2011. The Aim-listed company on Thursday said that it remained on track to restart the...
4th November 2010
 
BASE METALS

Weatherly funded for restart of Namibia copper mines

Namibian base-metals-miner Weatherly International announced on Monday that it would restart production at its Otjihase and Matchless copper mines now that it had secured the required funding and finalised other mine plans. It was planning to...
12th July 2010
 
ENERGY MINERALS – 2

Uranium to anchor Namibian economy in future– central bank

Namibia’s central bank said last week that future economic growth would be spearheeaded by uranium as the diamond-mining sector, which had traditionally anchored the country’s economy, was beginning to lose its shine.
17th October 2008
 
News This Week

Namibian copper producer aims to produce 9 000 t in H2

Ongopolo Copper Mining & Processing, Namibia’s sole copper-mining company, says it is targeting production of 9 000 t of copper in the second half of this year.
1st September 2006
 
Electra Mining

‘Significant opportunities for growth’

Several contractors have started declining participation in mining contracts in Africa due to capacity problems, underscoring the fact that there is a high level of activity, not only in Africa, but also globally.
14th July 2006
 
Breaking News

Shaft sinking begins at Kombat

South Africa’s Cementation Mining (Namibia) has started sinking of the ASIS Far West Appraisal Shaft at Kombat Mine in northern Namibia for Ongopolo Mining and Processing.
27th October 2003
 
News This Week

Tsumeb mineral rights puzzle

Despite a decision by the Namibian High Court on March 12 to place the country’s sole lead and copper producer Tsumeb Corporation Limited (TCL) into final liquidation, the fate of its mineral rights is still unclear. This follows the...
26th March 1999
 
 
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