Prieska final investment decision looming

ORION Minerals CEO Errol Smart told the Mining Journal Select Conference a final investment decision on whether to go ahead with development of the “high margin” Prieska copper-zinc project in South Africa was “just a few months away.”

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Orion Minerals says current resources belie potential of district around Prieska in South Africa

According to Orion's bankable feasibility study, released this week, the project has a post-tax NPV of A$408 million (using an 8% discount rate), and an IRR of 33%, while payback occurs 2.