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 agreement, executed through Orion's subsidiary, Prieska Copper Zinc Mine (PCZM), involves the sale of bulk copper and zinc concentrates, facilitating the Uppers Development and partially funding the Deeps Development at the project. This marks a significant advancement in Orion’s move towards full operational status. The prepayment facility ...