NSP In Talks With Donkin Developers
A spokesperson for Nova Scotia Power says the company is in active negotiations with the developers of the Donkin mine. Beverley Ware adds the utility is very interested in Donkin as a potential local supplier of coal because that would keep money in the Nova Scotia economy. She says NSP is trying to determine if the price and quantity of coal from Donkin will meet their expectations. Last month, U.S. mining giant the Cline Group LLC gained full control of the Donkin mine buying a 75 per cent majority stake in the operation from Glencore Xstrata and a 25 per cent interest from Morien Resources. The company is now in the process of pumping water from the mine which is expected to take until March. Regional Councillor Kevin Saccarry says word of NSP’s interest in Donkin coal is good news. Saccary adds if Nova Scotia Power makes a deal to burn coal from Donkin, it’ll not only change the economy of Cape Breton, but of the province, as well.