Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals, completed at a 29% premium to the company’s last closing price on the Australian Securities Exchange on Monday, saw eager black economic empowerment Investors subscribe for $4-million in the placement, including a $2-million stake at project level.
