News: ORN Australia's Orion wins OK to develop $263 mln S.Africa zinc-copper project

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    JOHANNESBURG, Sept 5 (Reuters) - South Africa's mines ministry on Thursday said Australia's Orion Minerals (ORN) could go ahead with development of a 4 billion rand ($263 million) copper-zinc project in Northern Cape province.

    "This latest investment confirms that South Africa remains a preferred investment destination for mining," the Department of Mineral Resources and Energy said in a statement.

    This week Orion, which operates in gold, copper, nickel and platinum, said the mining rights were valid for an initial 24 years and could be renewed on application.

    ($1 = 15.2369 rand)

 
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