#OrionMinerals #Mining #CopperProduction #CleanEnergy #GlobalTransition #MineralExploration #UndergroundMining #CriticalMetals
In a significant advancement documented in a shareholders’ report dated March 13, Orion Minerals, listed on both the Johannesburg Stock Exchange (JSE) and the Australian Securities Exchange (ASX), has outlined its successful transition through a pivotal development phase for the period ending December 31, 2023. This phase marks the company’s transformation from its initial stages of exploration and feasibility study execution into a more dynamically engaged mining entity, now actively developing an underground mine.
This evolution reflects Orion Minerals’ strategic redirection towards constructing a robust pipeline of critical metals assets. These assets are intended to meet the surging demand prompted by the global shift towards clean energy solutions. In alignment with this strategic outlook, Orion Minerals has delineated specific goals for its near to medium-term future. A particularly notable objective is the commencement of first copper sales emanating from its development projects by the year 2025. This milestone is pivotal, as copper is a crucial element in the clean energy transition, being a key component in electric vehicles, renewable energy systems, and various other green technologies.
Moreover, Orion Minerals has set an ambitious target for its copper production, aiming to exceed the 50,000 tonnes per year mark by the end of this decade. This projected increase in copper production underlines the company’s commitment to bolstering its contribution to the clean energy sector. Additionally, by expanding its focus on critical metals essential for the clean energy transition, Orion Minerals is positioning itself as a key player in the global effort to foster a more sustainable and environmentally friendly future.
In essence, Orion Minerals’ report encapsulates a critical juncture in the company’s growth trajectory, showcasing its successful shift towards mineral development and mining, with a strong focus on supporting the clean energy transition through the provision of essential critical metals.
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