Orion’s US$40 million Prieska funding becomes unconditional
The remaining conditions for the first Glencore financing tranche have been satisfied.
Event / data period: 2026-10-19
Published: · Updated:
Orion Minerals said on 19 October that US$40 million of Glencore financing for the Uppers section of its Prieska copper-zinc mine in South Africa had become unconditional. First drawdown is expected by the end of October.
Uppers production is targeted for the end of 2027. A US$210 million second tranche for the Deeps remains conditional; the announcement does not say that this funding has been released or production has started.
Data
Orion’s US$40 million Prieska funding becomes unconditional
| Tranche A, conditions satisfied | 40 |
| Tranche B, still conditional financing | 210 |
Methodology
Values are transcribed from the official release. The table unit and row description define the scope; no currency conversion or forecast is calculated.
Updated:
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- Business enterpriseSuggested
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- South Africa · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
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