Orion Minerals secures R658m offtake agreement with Glencore

Orion Minerals secures R658m offtake agreement with Glencore

Orion Minerals secures R658m offtake agreement with Glencore

Allowing development to start on the long-awaited Prieska Copper Zinc Mine in the Northern Cape.

Orion Minerals has secured the first $40 million (R658 million) required to commence development of its flagship Prieska Copper Zinc Mine (PCZM) in the Northern Cape.

Work will start on the shallower Uppers Mine, with the first drawdown expected by the end of October 2026.

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About Ciaran Ryan 1572 Articles
The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.