Orion Minerals reaches agreement with IDC on Okiep copper project
Sstate-owned development finance institution to provide R34.5m for pre-development costs in return for a 43.75% stake in New Okiep Mining Company
07 September 2022 - 15:33
Copper developer Orion Minerals has reached an agreement with the Industrial Development Corporation (IDC) to advance its Okiep Copper Project in the Northern Cape.
Under the non-binding term sheet, the state-owned development finance institution will help facilitate BEE ownership and provide about 40% of pre-development costs, including the completion of feasibility studies...
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