Dual-listed Orion Mining was hoping to conclude bank financing discussions for its Prieska copper/zinc project, in South Africa, by Christmas this year, allowing for a final investment decision in the new year.
Speaking on the sidelines of Paydirt’s Africa Downunder conference, in Perth, Orion MD and CEO Errol Smart told Mining Weekly Online that the company was in discussions with a number of banks that have started due diligence on the Prieska project, with Orion also initiating discussions with a number of offtake partners that have offered co-funding arrangements.