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Orion’s shares rise on Prieska metallurgical testwork update, loan facility extension

Creamer Media Contributing Editor Online
Dual-listed base metals miner Orion Minerals’s share price on the JSE was trading 6.15% higher on Wednesday after the company announced the positive results from initial metallurgical test work at its Prieska zinc/copper project and the extension of a loan facility. Orion and mining-focused, private equity group Tembo Capital have agreed to extend the term of a $6-million bridge loan facility from December 15 to May 31, 2018.

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