.OrionMinerals has secured $87million in funding for its Prieska copper/zinc project in SouthAfrica finance investment mining TripleFlagPM
PERTH – Copper developer Orion Minerals has inked definitive agreements for an $87-million funding package with TSX- and NYSE-listed Triple Flag Precious Metals Corp to advance its Prieska copper/zinc mine, in South Africa.
The precious metals stream is conditional on the mine development being fully funded, finalisation of an executable mine plan to Triple Flag's satisfaction, South African regulatory approvals and fulfilment of conditions precedent standard for such arrangements.
“This funding, provided by Triple Flag together with the IDC, is pivotal for Orion as we transition from being an exploration company to a mine developer. Our new operations team at Prieska mine, under the experienced leadership of recently appointed executive for eastern operations,, has already made huge progress in preparing Prieska for development.
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