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Orion Minerals plans Prieska placement

Orion Minerals is looking to raise A$5 million via a placement at 1.7c to support its plans to redevelop its Prieska copper-zinc project in South Africa at a time when pricing for both metals is in recovery mode.

Haydn Black
Drilling at the Prieska copper-zinc project in South Africa

Drilling at the Prieska copper-zinc project in South Africa

The raising, which does not need shareholder approval, is understood to involve placing 294 million shares, although the door is open for oversubscriptions.    Mining Journal understands there was...

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