Orion Minerals kicks off BEE restructuring

Base metals developer Orion Minerals has completed a major component of its black economic empowerment (BEE) restructuring.

The ASX- and JSE-listed miner on Thursday noted that its exiting BEE shareholders in its subsidiary Repli, Rich Rewards and Bartrax, being the Masiapoa Family Trust and Power Matla, have exchanged their shares in the subsidiaries in exchange for 48.48-million and 37.58-million Orion shares, respectively.