CAPITAL MARKETS

Independence confirms interest in Orion's South African zinc-copper play

DIVERSIFIED miner Independence Group has moved to rebuild its stake in potential zinc project developer Orion Minerals by subscribing for A$5 million worth of shares in the South Africa-focused junior.

Orion wants to restart the South African zinc operation.

Orion wants to restart the South African zinc operation.

The investment will take IGO's stake in Orion back past 5%, with the miner having become a 7% shareholder in March last year before being diluted down by subsequent fund raisings involving private equity...

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