Morien Resources plunges after Donkin mine idling

Morien Resources

13/11/2023 16:00

** Canadian miner Morien Resources' shares  MOX.V  fall
38.79% to C$0.36
    ** Co says Kameron, which owns and operates Donkin Coal
Mine, has decided to place operations into an idle state and lay
off remaining workforce at the mine
    * Decision made in light of the Stop Work Order (SWO) issued
earlier in the year over a roof fall incident 
    ** Morien owns royalty on sale of coal from the mine
    ** Stock down 47.79% this year

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))