Anglo American firms up stake in Orion as Prieska gets enviro nod

Mining major Anglo American’s enterprise development division, Anglo American sefa Mining Fund (AASMF), has taken a 3.7% interest in ASX- and JSE-listed Orion Mining. AASMF in 2015 subscribed for 15.75-million redeemable preference shares in Repli Trading No 27, which is 73.33% held by Orion, at a subscription price of R1 per share, for a total investment of R15.75-million or A$1.58-million, as part of a seed capital investment with the previous owners of the Prieska project.