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Orion Secures US$250M Glencore Deal to Kickstart Prieska Mine Revival

9:18am on Monday 9th of February, 2026 AEDT 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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