Latest South African Economy News

Orion Minerals has completed the conversion of a ZAR344.5 million loan from South Africa’s IDC into equity, giving IDC a 23.8% stake in the Prieska Project subsidiary and removing secured lending constraints.

MC Mining’s subsidiary, Uitkomst Colliery, has launched a strategic Turnaround Plan aimed at operational restructuring and cost reduction, positioning the mine for growth amid a challenging coal market.