In 2006, Weatherly acquired the operations of Ongopolo Mining & Processing Ltd.[3][4] 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.
[5] In 2008, due to declining copper prices, Weatherly closed two of its mines.
[6] 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.
[7][8] In 2010, Weatherly sold the Tsumeb smelter to Dundee Precious Metals Inc.[9] 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 open from 1959 to 1978.
[12] Following deferred loan repayments in March 2018, CEO Craig Thomas announced his resignation from the company.