PROJECT FINANCE

Orion firms backing for Okiep copper resurrection

DECADES after the giants pulled out of Okiep copper mining hub, Orion Minerals has put a restart on the fast track with the Industrial Development Corporation South Africa pledging to stump up almost half of the initial capital required.

Okiep

Okiep

A non-binding agreement, due to be finalised next month, positions IDC to own a 43.75% stake in New Okiep Mining Company, with Orion to hold 56.25%. However, black empowerment partners will ultimately...

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