Morien awaits acquisition of Donkin Coal Project from Glencore Xstrata

摘要

Each day without resolution to the ownership question surrounding the $500 million Donkin Coal Project in Eastern Canada makes the possible startup of thermal and coking coal production at the underground mine by late this year more problematic, said an official involved in the project Wednesday. Ken MacDonald, the chief financial officer for Dartmouth, Nova Scotia-based Morien Resources, which owns 25% of the proejct, said in an interview he remains optimistic a deal eventually will be struck to acquire the Glencore Xstrata's 75% interest in Donkin.