https://newsletter.mw.creamermedia.com
Africa|Copper|Platinum|PROJECT|Projects
Africa|Copper|Platinum|PROJECT|Projects
africa|copper|platinum|project|projects

Orion secures $500 000 loan facility

Orion chairperson Denis Waddell

Orion chairperson Denis Waddell

23rd June 2025

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

Australia- and Johannesburg-listed Orion Minerals has announced that Tarney Holdings, a company of which Orion's chairperson, Denis Waddell, is a director and shareholder, has continued its strong support of Orion by providing an unsecured loan facility of up to $500 000.

Proceeds from the loan facility will be used principally for working capital.

As part of the loan facility agreement, interest is capitalised at 10% a year.

Orion says the repayment date will be the earlier of completion by Orion of a funding transaction sufficient to repay the loan funds, or September 30, or such later date as agreed between the parties in writing.

Orion is focused on the development of its flagship Prieska copper/zinc mine, as well as the Okiep copper project and the Jacomynspan nickel/copper/platinum-group-element project. The projects are also located in South Africa’s Northern Cape province.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (20/06/2025)
20th June 2025 By: Martin Creamer
Magazine video image
Magazine round up | 20 June 2025
20th June 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.184 0.26s - 126pq - 2rq
Subscribe Now