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Morien Resources Corp V.MOX

Alternate Symbol(s):  APMCF

Morien Resources Corp. is a Canada-based mining development company. The Company’s principal business is the identification and purchase of mineral interests and projects. The Corporation holds two royalty interests on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of crushed stone from the permitted Black Point Quarry Project, in Guysborough County, Nova Scotia. The Company owns a gross production royalty on coal sales from the Donkin Mine in Cape Breton, Nova Scotia, owned by Kameron Collieries ULC, a subsidiary of The Cline Group LLC. The Black Point Aggregate Project is a granite deposit with a mine life of around 75-years located along the southern shore of Chedabucto Bay in Guysborough County, Nova Scotia. The Project possesses suitable characteristics for the development of a crushed stone marine export operation for supplying markets in the eastern United States.


TSXV:MOX - Post by User

Bullboard Posts
Post by cupricityon Dec 12, 2014 7:03pm
267 Views
Post# 23226341

A little perspective

A little perspective

The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns, protracted price weakness could bring downward rating actions.

Spot prices for high-quality met coal “show no upward momentum,” Moody’s commented in an Oct. 31 research report. “At the same time, tepid market indicators out of China, a weak global economy and slow supplier response make any material price recovery unlikely.”

The analysts write that while production cuts “will ultimately bring benchmark prices closer to the US$135- to US$145-per-tonne marginal cost of production, we now believe that will take longer.”

- See more at: https://www.northernminer.com/news/met-coal-producers-should-steel-themselves-for-long-price-weakness/1003336195/?&er=NA#sthash.uV1Kr8gx.dpuf
Bullboard Posts