Make Kitco Your Homepage

Greenland Minerals requests talks with new gov't

Kitco News

After seeing its Kvanefjeld rare earth project imperiled by a new government opposed to the mine being built, Greenland Minerals said today it is seeking consultation.

"[Greenland Minerals] intends to continue the public consultation process and will initiate a dialogue with the new Government when in place over the protection and enforcement of GGG's legal position, rights and assets, including the right to be granted an exploitation licence," wrote the company in a news release.

On April 6 the Inuit Ataqatigiit party won a snap election, and the new government’s leadership has publicly stated a political intention to cease development of GGG’s Kvanefjeld rare earth project.

Greenland Minerals said it has been working at its Kvanefjeld project since 2007, and the company already received its Environmental Impact Assessment (EIA) and the Social Impact Assessment (SIA).

On its website, Greenland Minerals describes Kvanefjeld as a large-scale rare earth project "...with the potential to become the most significant western world producer of rare earths." Over 1 billion tonnes of mineral resources (JORC-code compliant) have been delineated. The company also touted the project's location, less than 10km from tidewater, with year-round direct shipping access.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.