Weatherly International Links Up With China Co For Berg Aukas
12th Jul 2010 07:27
LONDON (Dow Jones)--Copper miner Weatherly International PLC (WTI.LN) Monday said it signed a preliminary agreement with East China Mineral Exploration and Development Bureau to jointly develop Weatherly's Berg Aukas lead and zinc project in Namibia. The company said it signed a letter of intent
Read moreWeatherly Intl. To Restart Production At Otjihase, Matchless
12th Jul 2010 07:18
LONDON (Dow Jones)--Weatherly International Plc (WTI.LN), a mining, smelting and sale of copper company, announced Monday for its Central Operations that the decision has been taken to proceed with production restart at Otjihase and Matchless. MAIN FACTS: -Production expected at Otjihase in
Read moreWeatherly International Settles Third Party Claim With Barclays Bank
14th Jun 2010 12:53
LONDON (Dow Jones)--Weatherly International PLC (WTI.LN), an integrated base metals producer with copper mining and smelting operations in Namibia, said Monday it has reached a full and final settlement with Barclays Bank PLC of all claims and counterclaims relating to the litigation from a third pa
Read moreWeatherly International rejects offer
21st May 2010 13:53
Shares in Weatherly International dropped after the copper miner rejected an unsolicited approach from a third party. "Despite representing a premium to Weatherly's current share price, the approach was unanimously rejected by the Board of Weatherly as it was considered to materially undervalue the
Read moreWeatherly International merger approach
16th Apr 2010 15:33
Mining company Weatherly International says that a third party has approached it concerning a potential merger. No offer has been made and no terms have been discussed. There is no guarantee that a bid will be forthcoming. An independent technical review that considered the restarting of product
Read moreSmall caps round-up: Provexis, Renew, Source BioSciences...........
31st Mar 2010 16:08
Functional foods developer Provexis expects to have net cash of £7m at the end of March 2010. It has also entered into a three-year, £25m equity financing facility provided by Evolution Securities through its subsidiary Darwin Strategic. This could be used to help finance acquisitions. Renew Holdi
Read moreUK close: FTSE 100 closes higher
16th Dec 2009 16:43
Footsie ended with gains as better than expected UK unemployment figures lifted sentiment. The number of people claiming unemployment benefit fell for the first time since February 2008 in November amid further signs the UK economy is beginning to recover from the economic downturn. The claimant
Read moreLondon afternoon: Stocks lack direction
16th Dec 2009 14:30
Leading shares are mixed, with the Footsie dipping a toe into negative territory despite better than expected UK unemployment figures announced this morning. The number of people claiming unemployment benefit fell for the first time since February 2008 in November amid further signs the UK economy
Read moreWeatherly to reopen copper mines
16th Dec 2009 08:59
Copper prices have recovered enough for Namibian mining company Weatherly International to reopen its Otjihase and Matchless underground mines. Otjihase is slated to restart production in the third quarter of next year and Matchless some months later. Both mines were mothballed, along with the com
Read moreSmall caps round-up: Quintain, Leed Petroleum, Solomon Gold...
2nd Nov 2009 08:18
Quintain Estates is weaker Monday after the property developer confirmed it is considering an equity issue, thought to be about worth about £180m. It said no formal decision has been made and a further announcement will be made when appropriate. Oil and gas explorer Leed Petroleum has completed wi
Read moreSmall caps round-up: Petards, Gemstones, Norman Hay...
25th Sep 2009 08:43
Security and surveillance systems firm Petards saw profits drop for the half year but said the outlook for the second half is stronger with full year profits seen in line with expectations. Profit before tax was £242,000 against £305,000 in the same period last year on revenue that slumped to £6.6m
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