$40m for Prieska Copper Zinc Mine development in South Africa’s Northern Cape

The first copper and zinc production from Uppers at the reviving Prieska Copper Zinc Mine in South Africa’s well-endowed Northern Cape is targeted for the end of next year, Orion Minerals reported on Monday, October 19, following the way for this being cleared by financing and offtake agreement finalisation. The $40-million tranche A financing from Glencore is now unconditional and gthe first drawdown is expected by the end of this month, enabling key development contracts, site mobilisation and construction activities to progress.

Martin Creamer
www.miningweekly.com

Martin Creamer
Author: Martin Creamer

Scroll to Top