Orion Minerals Limited, a mining company listed on both the ASX and JSE, is undertaking a comprehensive review of its board composition in response to the escalating demands of its growing copper and zinc mining operations in South Africa's Northern Cape. The company's assets include the Prieska copper/zinc mine and Okiep copper project.
On Tuesday, Orion announced that Director Tom Borman, who has served on the board for four and a half years, will step down on the same day to focus more on his other business commitments. Consequently, Borman will not be seeking re-election at the forthcoming Annual General Meeting.
In light of this transition, Orion's Chairman, Denis Waddell, has stated that the company aims to conclude this thorough board review and appoint new members by December 2023. This move comes as Orion transitions to the development stage at its copper and zinc mines in South Africa.
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