Orion secures R4bn Glencore funding to build Prieska copper-zinc mine

Orion secures R4bn Glencore funding to build Prieska copper-zinc mine

Orion Minerals has secured a $250 million (approximately R3.9-billion) funding agreement with commodities giant Glencore to advance

Orion to secure $250 funding from Glencore for Prieska project

Orion Minerals is set to secure a $250m binding prepayment facility from Glencore to support the development of its Prieska Copper Zinc Project in South Africa.The post Orion to secure $250 funding from Glencore for Prieska project appeared first on Mining Technology.

Orion secures Glencore funding for copper project

ORION Minerals has finalised a $250m prepayment facility with a Glencore subsidiary to finance development of its Prieska copper-zinc mine in South Africa’s Northern Cape province. The binding agreement, linked to future sales of bulk concentrates from the project, will fund construction of the Uppers deposit and provide partial financing for the deeper Deeps section, said Business Day citing an announcement by Orion on Monday. The arrangement w…