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Orion Minerals says copper project will not fail
['David Mckay']
News Archives - Miningmx
AFTER the best part of a decade of planning, Orion Minerals is determined to make a success of its Prieska Copper Zinc Mine with its CEO promising “high-end governance” as the focus falls on project execution.
PCZM is situated in South Africa’s Northern Cape province which is where another copper project backed by Copper 360 has run into serious difficulties, potentially endangering the the company.
As with Copper 360, Orion’s PCZM is development of previously worked mine in a province recognised for its minerals promise, but short on delivery.
Orion needs about R6.7bn to redevelop the entire PCZM consisting of a near-surface ‘Uppers’ project and a second phase, capital-intensive ‘Deeps’.
Lennox said Orion was discussing an offtake with a number of parties before opting for Glencore.
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'copper']