Orion Minerals Limited (ASX: ORN) has announced the awarding of a six-month trial mining contract to P2 Mining (PTY) LTD, a subsidiary of the South African mining contractor Newrak Mining Group (Newrak). This contract will cover the commencement of the early works trial underground mining program at the Prieska Copper Zinc-Mine (PCZM) in the Northern Cape Province. Newrak Mining Group, boasting 28 years of operational experience, is a well-established South African contract mining company.
Notably, Andy Brown, a former Production Manager at Prieska Copper Mine, will be part of the Newrak Team, contributing invaluable operational expertise. Newrak will deploy a fleet of conventional load, haul & dump loaders alongside an innovative continuous loading machine, the ITC120, recently introduced to the South African market and secured by Orion on a demonstration rental basis.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.