Canada: Morien Announces Kameron Collieries Decision to Place Donkin Mine on Care and Maintenance
March 31, 2020 - Morien Resources Corp. ("Morien" or the "Company") (MOX.V), has announced that Kameron Collieries ULC (“Kameron”), owner and operator of the Donkin Coal Mine (“Donkin” or the “Mine”) in Cape Breton, Nova Scotia, has decided to place the Donkin Mine on care and maintenance. Kameron has issued a public media statement which is provided below. Morien will provide more information as it becomes available.
Kameron Collieries Media Statement
Kameron Collieries ULC, owner and operator of the Donkin coal mine has decided to cease production operations due to adverse geologic conditions in the mine.
Following a roof fall in the “Tailgate” section of the mine on February 13th, Nova Scotia’s Department of Labour and Advanced Education (NSDLAE), suspended operations at Donkin pending an assessment of conditions and proposed remediation plans. No one was injured in the roof fall. The mine will not be sealed but maintained by a small staff to ventilate and keep the facility dewatered.
The company is disappointed these circumstances compelled them to make this decision and wishes to thank its dedicated workforce and the local community who supported this important investment in the region.
Morien is a Canadian based, dividend paying, mining development company that holds royalty interests in two tidewater accessed projects. Prior to being placed on care and maintenance the Donkin Coal Mine had commenced production in 2017 and the Black Point Aggregate Project is progressing toward a development decision. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition.