Métaux de base
Publié par OrePulse
Publié le : 21 nov., 2025 08:01
Orion confirms Glencore financing, offtake agreement to be finalised within weeks
Orion’s subsidiary, Prieska Copper Zinc Mine, signed a nonbinding term sheet with a subsidiary of Glencore in September, which involves financing of between $200-million and $250-million, in exchange for a ten-year agreement for Glencore to buy 100% of the copper and zinc concentrates produced from the Prieska project.
The documentation for the concentrate offtake is also in the final stages of finalisation.
Orion expects the binding documentation, including an intercreditor agreement, to be signed by the middle of December.
The company expects to start production at the Prieska mine, in South Africa’s Northern Cape province, by the end of 2026.
Articles similaires
Sanu Gold Announces $5 Million Private Placement L...
06 sept., 2024 13:08
Ivanhoe Mines produces 40,347 tonnes of copper at ...
09 sept., 2024 09:21
Andrada partners with SQM to develop Namibia lithi...
10 sept., 2024 08:56
US, Saudi Arabia in talks to secure metals in Afri...
10 sept., 2024 09:07
DRC: Eurasian Secures $150 Million to Develop a Co...
12 sept., 2024 06:22
Zambian mines desperate for power turn to a surpri...
13 sept., 2024 11:18
Africa at the cusp of a critical minerals boom...
17 sept., 2024 07:40
Coolabah to unite Broken Hill assets, paving path ...
17 sept., 2024 08:40
Marula Mining completes first manganese exports sa...
18 sept., 2024 09:05
Zambia mines lobby calls on government to halt ref...
18 sept., 2024 11:04Actualités tendances
Métaux de base
Turkish trader BGN eyes Congo cobalt in push to grow metals business, sources say...
14 sept., 2026 11:41
32 min de lecture
Autres (énergie)
Zambia Leans on Vedanta for Power Investment as Copper Expansion Target Looms...
10 sept., 2026 18:24
204 min de lecture
Autres (mines)
US says it will help develop Kenya's critical minerals processing...
10 sept., 2026 10:54
268 min de lecture
Métaux de base
India's Lohum ships first lithium ore from Zimbabwe, starts overseas mining...
09 sept., 2026 14:13
236 min de lecture