Orion Minerals presents Prieska development plans backed by USD 40 million Glencore funding
Bitget2026/10/29 07:17- Orion Minerals will begin Prieska Uppers mine development with USD 40 million in unconditional funding under Glencore’s USD 250 million prepayment facility.
- The remaining USD 210 million tranche for Deeps development remains conditional.
- First production at Prieska is expected by the end of 2027.
- Okiep Flat Mines optimization targets earlier production and lower upfront capital, with completion expected within six months.
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