Morien Resources Corp. (TSXV:MOX) is re-iterating its interest in acquiring an interest in Xstrata Coal’s Donkin Coal Project, contrary to reports that suggest otherwise.
As quoted in the press release:
Prior to Xstrata’s April 26, 2012 announcement of its intention to sell its 75% interest, Morien designed a strategy regarding Xstrata’s prospective sale and this recent development was anticipated and incorporated into that strategy. Morien has been working with a selection of prospective operating, marketing, coal purchasing and financial partners. Morien and its team will now vigorously pursue this path for the purchase of Xstrata’s 75% interest. Morien looks forward to working with Xstrata and the Province of Nova Scotia to bring this sale process to a successful conclusion.