Morien Resources Corp. reported that Kameron Collieries ULC, owner and operator of the Donkin mine in Cape Breton, Nova Scotia, has received regulatory approval to reopen from the Nova Scotia provincial government. Production has resumed. The mine had been on care and maintenance since March 2020. Morien owns a gross production royalty for the mine of 2% on the revenue from the first 500,000 metric tons (mt) of coal sales per quarter, and 4% on the revenue from any coal sales from quarterly tonnage above 500,000 mt, net of certain coal handling and transportation costs. Morien is a Canada-based, mining development company that holds royalty interests in two tidewater-accessed projects. The Donkin Coal mine recommenced production in 2022, and the Black Point Aggregate Project, permitted in 2016, is awaiting a development decision and is paying advanced minimum royalties to Morien.

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