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Weatherly operations continue to reel in cash challenges

Weatherly’s Ongopolo Mining Limited has rescheduled repayments for the various trenches of debt finances, extended to the company by Orion Mine Finance. The companies have agreed to defer repayment of Ongopolo’s Facility B loans to 30 June 2017 while the final maturity date remains unchanged at 29 February 2020, though …

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Etango to spur Namibia’s uranium production

Bannerman Resources Limited developers of Etango Mine have reported a successful first quarter positioning the company to improve Namibia’s uranium sector outlook. The company says has continued its solid progress over another successful quarter, culminating in commencement of Definitive Feasibility Study (DFS) update to gauge the capital and operating cost …

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Two crane giants join forces

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

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