The Industrial Development Corporation of South Africa Limited agreed to acquire 43.75% stake in New Okiep Mining Company Proprietary Limited from Orion Minerals Limited (ASX:ORN) on September 7, 2022. The acquisition will trigger pre-development funding arrangements for the Flat Mines SAFTA area, as announced on 7 September 2022. Upon NOM acquiring the SAFTA assets, the IDC will sell 22.22% of its shares in NOM to a BEECo.
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5-day change | 1st Jan Change | ||
0.02 AUD | 0.00% | +5.26% | +42.86% |
May. 06 | Orion Minerals Receives Approvals for Okiep Copper Project; Shares Rise 6% | MT |
Apr. 23 | Orion Minerals Posts Cashflow, Activities Reports; Shares Soar 22% | MT |
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-8.67% | 155B | |
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+90.18% | 20.44B |
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- The Industrial Development Corporation of South Africa Limited agreed to acquire 43.75% stake in New Okiep Mining Company Proprietary Limited from Orion Minerals Limited.