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 | +5.26% | 0.00% | +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 |
1st Jan change | Capi. | |
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+42.86% | 74.17M | |
-10.95% | 151B | |
-0.98% | 122B | |
+5.27% | 75.92B | |
+12.37% | 49.33B | |
+2.78% | 49.09B | |
+35.87% | 40.41B | |
+85.33% | 29.52B | |
+30.73% | 26.93B | |
+71.20% | 19.26B |
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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.