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Weatherly posts $1.6m FY profit despite flat copper volumes

By: Natalie Greve 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 capital inflow of $2-million as a result of the... 

Weatherly resumed output at ‘opportune time’ – chair

By: Petronel Smit 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 the output from the Matchless and Otjihase mines at... 

Weatherly targets 5 000 t from Namibia copper mines in 2011

By: Petronel Smit 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 owing to low commodity prices at the time. 

Weatherly raises £4,45m to accelerate Namibia projects

By: Chanel de Bruyn 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 0,5p a share with institutional and other investors to... 

Weatherly spending $12m to reopen Namibia mines

By: Chanel de Bruyn 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 Otjihase and Matchless copper mines, collectively... 

Weatherly funded for restart of Namibia copper mines

By: Chanel de Bruyn 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 bring the two operations, collectively called the... 

Uranium to anchor Namibian economy in future– central bank 

By: Felix Njini 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. 

Namibian copper producer aims to produce 9 000 t in H2

By: Felix Njini 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. 

‘Significant opportunities for growth’

By: Bert Swart 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. 

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. 

Tsumeb mineral rights puzzle

By: System Author 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 provisional liquidation of the mine in April last year,... 

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