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Orion Secures US$250M Glencore Deal to Kickstart Prieska Mine Revival
9:18am on Monday 9th of February, 2026 AEDT
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Mining
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Orion Secures US$250M Glencore Deal to Kickstart Prieska Mine Revival
9:18am on Monday 9th of February, 2026 AEDT
Key Points
US$250 million prepayment facility signed with Glencore
Funding split – US$40 million for Uppers, US$210 million for Deeps development
First concentrate production expected by end of Q1 2027
Facility secured against future copper and zinc concentrate sales
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