Orion to acquire Okiep copper mines in the Northern Cape for R85.5m
Orion Minerals plans to acquire the Okiep Copper Complex Orion Minerals has announced a plan to acquire the Okiep Copper Complex (OCC) in the Northern Cape, in a deal worth approximately R85.5 million. The Australia and JSE-listed firm said the complex has a potential to become a future second base metal production hub for the company in the Northern Cape alongside its flagship Prieska Copper-Zinc Project, which is the company is developing 450 kilometres east of OCC. Orion will hold a 56.25% stake in Tantalum Mining with 43.75 % controlled by the Industrial Development C...
Source: news24.com