Weatherly jumps despite concerns
13th Sep 2012 09:58
Mining firm Weatherly jumped back in the black in the last year causing its share price to jump too. The Africa-focused copper firm said it would pay a dividend through an 'in specie' distribution of shares in China Africa Resources worth $1.2m. It posted pre-tax profits of $14.2m, up from a $1m l
Read moreWeatherly production hampered
18th Jan 2012 09:13
Shares in mining firm Weatherly took a hit after the group admitted production at the Otjihase site had been "significantly" hampered during October and the early part of November. Although December mining rates at Otjihase were on target, conveyor breakdowns during the Christmas and New Year peri
Read moreWeatherly International retreats into the red
12th Oct 2011 07:12
AIM-listed mining firm Weatherly International reported an annual loss but remains confident that demand will be sustained in the medium term particularly China and India. The group, which sold a 2.5% interest in its Namibian subsidiary Ongopolo Mining last month, reported a loss of US$0.5m for th
Read moreLocal workers to take stake in Weatherly's Namibian subsidiary
27th Sep 2011 13:04
AIM-listed mining company Weatherly International has sold a 2.5% interest in its Namibian subsidiary Ongopolo Mining (OML) 'on tick' as part of a strategy to encourage local participation in the company's operations. The shareholding was sold to Labour Investment Holdings (LIH), the investment ar
Read moreWeatherly gets copper boost in Namibia
1st Sep 2011 08:58
AIM-listed mining company Weatherly International says testing at its Tsumeb site in Namibia has revealed enough minerals to potentially make the site commercially viable. Following test drilling of 109 holes in a 75 metre square area, Weatherly's chief executive officer Rod Webster commented: "I a
Read moreSmall caps: CNC, Ithaca, Paragon Diamonds...
25th Mar 2011 17:51
Precision engineering specialist CNC Technology saw profits fell 17% last year to £2.32m, but the second half was much stronger. Sales fell 2% to £12.6m. "Trading conditions in the defence sector remain strong and we continue driving some of our products into military equipment aimed at countering
Read moreWeatherly moves towards sales in March
8th Feb 2011 16:14
AIM-quoted miner Weatherly International says that mining activities resumed at both the Otjihase and Matchless mines during January and the commissioning of the concentrator is progressing well. This means that Weatherly should be able to start shipping concentrate during March enabling it to gen
Read moreLondon close: Footsie fightback loses momentum
4th Oct 2010 16:48
Footsie enjoyed a brief incursion into positive territory in mid-afternoon trading, but was driven back into the red in line with weakness on Wall Street. Here, oil stocks were a major drag on the index with BP, Cairn Energy and Royal Dutch Shell all headed south. Plumbers' merchant Wolseley mov
Read moreLondon afternoon: Footsie treading water
4th Oct 2010 14:31
Footsie threatened to move back into positive territory over the lunch time session but just fell short. Oil stocks remains a major drag on the index with BP, Cairn Energy and Royal Dutch Shell all heading south. The morning's biggest faller, satellite operator Inmarsat , is now showing a small
Read moreLondon midday: Inmarsat hit by stake sale talk
4th Oct 2010 12:02
Resource stocks remain a drag on the Footsie which ended the morning in arrears after a moderately firm start. BP, Cairn Energy and Melrose Resources are among the big hitters in the oil sector nursing losses, while in the mining sector Xstrata, Lonmin and Antofagasta are under the cosh. Anglo-Swi
Read moreWeatherly moves into FY profit
4th Oct 2010 07:37
Copper miner Weatherly International posted an annual pre-tax profit compared to a loss the year before as it warned of a busy and challenging time ahead. The group, which has copper mining and smelting operations in Namibia, said pre-tax loss narrowed to $9.1m compared to a loss of $30.7m the year
Read moreUK SMALLCAP ROUNDUP: Avanti Communications Raises GBP70M
12th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AVANTI COMMUNICATIONS GROUP PLC (AVN.LN), a broadband-by-satellite company, Monday said the launch of its first satellite will be delayed by up to six we
Read moreUK SMALLCAP ROUNDUP: Beowulf's Kallak Ore Deeper Than Thought
12th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BEOWULF MINING PLC (BEM.LN), an iron ore explorer, said Monday the latest drilling results from its Kallak project in Sweden show ore is present at much
Read moreWeatherly, China Co JV To Grow Quickly - Weatherly CEO
12th Jul 2010 11:57
By Matthew Walls Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A new company to be formed by Weatherly International PLC (WTI.LN) and Chinese state miner East China Mineral Exploration and Development Bureau will grow quickly and have Chinese copper and gold assets injected into it, Weatherly I
Read moreUK SMALLCAP ROUNDUP: Falkland Oil & Gas's Well Disappoints
12th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FALKLAND OIL & GAS LTD. (FOGL.LN), an oil explorer, Monday said it plugged and abandoned the Toroa well after failing to find any oil. The well, offs
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