TSX:CMK - Post Discussion
Post by
LifesEvents on Oct 20, 2014 1:10am
Other movements in the background by owner of Cline
https://www.capebretonpost.com/News/Local/2014-09-25/article-3882710/Donkin-mine-highlighted-in-throne-speech/1
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The sale of Glencore's 75 per cent interest in the mine last month to U.S.-based Cline Group LLC means the project can proceed.
Officials with Morien Resources Corp., the minority shareholder, say the Donkin mine could be in operation by 2016.
The provincial government plans to complete a “due-diligence process” this fall to ensure Cline Group can “safely develop the project, has the technical expertise to operate the mine and has the financial capacity to develop the project without government funding.”
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