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Weatherly International
Weatherly International plc is a British mining company which owns several copper mines in Namibia. Its operations include the Matchless mine, Otjihase mine, Kombat mine, and Tschudi mine. In 2006, Weatherly acquired the operations of ''Ongopolo Mining & Processing Ltd''. At the time, the company was backed by hedge funds including ''RAB Capital plc'' and ''Matterhorn Investment Management'', which together owned about one third of the company. In 2008, due to declining copper prices, Weatherly closed two of its mines. In 2009, Weatherly sold a controlling stake the company to the ''East China Mineral Exploration and Development Bureau'' in order to fund the reopening of their mines. In 2010, Weatherly sold the Tsumeb smelter to ''Dundee Precious Metals Inc''. In 2011, Weatherly and ''East China Mineral Exploration and Development Bureau'' announced a joint venture named ''China Africa Resources Namibia'' to develop the Berg Aukas lead/zinc/vanadium mine, which was previously op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metals
A metal (from Greek μέταλλον ''métallon'', "mine, quarry, metal") is a material that, when freshly prepared, polished, or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. Metals are typically ductile (can be drawn into wires) and malleable (they can be hammered into thin sheets). These properties are the result of the ''metallic bond'' between the atoms or molecules of the metal. A metal may be a chemical element such as iron; an alloy such as stainless steel; or a molecular compound such as polymeric sulfur nitride. In physics, a metal is generally regarded as any substance capable of conducting electricity at a temperature of absolute zero. Many elements and compounds that are not normally classified as metals become metallic under high pressures. For example, the nonmetal iodine gradually becomes a metal at a pressure of between 40 and 170 thousand times atmospheric pressure. Equally, some materials regarded as metals c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibia
Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and east. Although Kazungula, it does not border Zimbabwe, less than 200 metres (660 feet) of the Botswanan right bank of the Zambezi, Zambezi River separates the two countries. Namibia gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek. Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU) and the Commonwealth of Nations. The driest country in sub-Saharan Africa, Namibia has been inhabited since pre-historic times by the San people, San, Damara people, Damara and Nama people. Around the 14th century, immigration, immigrating Bantu peoples arrived as part of the Bantu expansion. Since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matchless Mine, Namibia
The Matchless Mine is a copper mine in Khomas Region, Namibia, southwest of Windhoek. It was operated by Newmont until 1983 when it was shut down due to "strategic and economic" reasons. In 2006, the mine was acquired by the London-based mining company Weatherly International PLC through its purchase of ''Ongopolo Mining and Processing Limited''. The mine was placed on care and maintenance in 2008 due to low copper prices. In 2012, Weatherly announced its intention to reopen the mine. It estimated that the mine would produce more than 3,000 tonnes per year. It is powered by the nearby Friedenau Dam. The mine was placed on care and maintenance again in September 2015. See also * Mining in Namibia Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product (10.4% in 2009, 8.5% in 2010, 9.5% in 2011, 12.3% in 2012, 13.2% in 2013, 11.6% ... * Tschudi mine References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Otjihase Mine
Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product (10.4% in 2009, 8.5% in 2010, 9.5% in 2011, 12.3% in 2012, 13.2% in 2013, 11.6% in 2014) is also very important and makes it one of the largest economic sectors of the country. Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals.KPMG (2014). Namibia. Country Mining Guide'. KPMG INTERNATIONAL. p.3 The majority of revenue (7.2% of GDP in 2011) comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa. Overview Namibia has a long tradition of mining. In 2018, mining contributed 14% of GDP and expanded 28%. Extensive exploration in Namibia for base metals, diamonds, gold, natural gas, and uranium has been attributed, in part, to the rise in world commodity prices. Under the Mining Act, the natural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kombat
Kombat (''the place of the giraffe'') is a mine and its associated settlement at the southern margin of the Otavi Mountain Range in northern Namibia. It is situated East of Otavi on the B8 to Grootfontein. Kombat at its peak had over 1,000 inhabitants. it is almost abandoned, although ''Kombat Primary School'' still operates at reduced capacity, and a clinic is serving the remaining inhabitants. In the vicinity, Welwitchia Health Training Center brought life to the known ghost town of Kombat. It offers Bachelors of Nursing Science program, Enrolled Nursing Science and Midwifery as well as Bachelor of Information and Communication Technology. There are also recreational facilities such as Kombat Lodge where visitors and people of the town can enjoy themselves. Kombat mine Minerals were discovered near Kombat in 1850. Around the year 1900, Kombat Mine was opened to extract copper. It was operated by ''Tsumeb Corporation Limited'' until the 1970s and by ''Ongopolo Mining'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tschudi Mine
The Tschudi mine is a large copper mine located in the North of Namibia in Oshikoto Region. Tschudi represents one of the largest copper reserve in Namibia, having estimated reserves of 70 million tonnes of ore grading 0.7% copper. See also * Matchless Mine, Namibia The Matchless Mine is a copper mine in Khomas Region, Namibia, southwest of Windhoek. It was operated by Newmont until 1983 when it was shut down due to "strategic and economic" reasons. In 2006, the mine was acquired by the London-based mining ... References Copper mines in Namibia Buildings and structures in Oshikoto Region {{Namibia-struct-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berg Aukas Mine
Berg may refer to: People *Berg (surname), a surname (including a list of people with the name) *Berg Ng (born 1960), Hong Kong actor * Berg (footballer) (born 1989), Brazilian footballer Former states *Berg (state), county and duchy of the Holy Roman Empire *Grand Duchy of Berg, state of the Napoleonic period Places Antarctica *Berg Peak, Victoria Land *Berg Bay, Victoria Land * Berg Ice Stream Austria *Berg, Lower Austria *Berg im Drautal, in Carinthia *Berg bei Rohrbach, in Upper Austria * Berg im Attergau, in Upper Austria France *Berg, Bas-Rhin, a municipality in the Arrondissement of Saverne * Berg-sur-Moselle, a commune in the Moselle department Germany *Berg (state), a medieval territory in today's North Rhine-Westphalia *Grand Duchy of Berg (1806–1813), created by Emperor Napoleon *Berg, Baden-Württemberg, a district of Ravensburg, Baden-Württemberg *Berg, Upper Franconia, a district of Hof, Bavaria *Berg, Upper Palatinate, district of Neumarkt, Bavaria *Berg, U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Investment Market
AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows companies that are smaller, less-developed, or want/need a more flexible approach to governance to float shares with a more flexible regulatory system than is applicable on the main market. At launch, AIM comprised only 10 companies valued collectively at £82.2 million. As at May 2021, 821 companies comprise the sub-market, with an average market cap of £80 million per listing. AIM has also started to become an international exchange, often due to its low regulatory burden, especially in relation to the US Sarbanes–Oxley Act (though only a quarter of AIM-listed companies would qualify to be listed on a US stock exchange even prior to passage of the Sarbanes–Oxley Act). By December 2005, over 270 foreign companies had been admitted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining Companies Of The United Kingdom
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
