https://www.miningweekly.com
Africa|Mining|Equipment|Operations
Africa|Mining|Equipment|Operations
africa|mining|equipment|operations

Ura raises funds for emerald mine

23rd May 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Aim-listed Ura Holdings has raised €280 000, through a placing and subscription of shares.

Moreover, the company has raised €50 000 by way of a convertible loan note with Austin Acquisitions.

The proceeds of the fundraise will be used to place orders for critical equipment for the restart of mining operations at the Gravelotte emerald mine, in South Africa’s Limpopo province, and for general working capital.

The main item to be ordered is the Tomra optical sorter that needs to be manufactured in Germany to the specification of test work already conducted on material from the mine.

The new equipment will take some time to manufacture and commission but will enable the company to bring the mine back into production quickly. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.125 0.159s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: