Greenland Minerals

Greenland Minerals Limited, formerly Greenland Minerals and Energy Limited,[1] is an Australian exploration and mining company focusing on acquisition, exploration, and development of its license area over the northern ilimaussaq intrusive complex in Greenland. GGG currently aims at exploring of its flagship project, Kvanefjeld project, in Southern Greenland.[2]

Greenland Minerals Limited
TypeProprietary limited company
ASX: GGG
IndustryRare-earth minerals exploration
HeadquartersPerth, Australia
Websitehttps://www.ggg.gl

Kvanefjeld project

The Kvanefjeld project is located near the southwest of Greenland consisting of multi-element deposit including rare-earth elements (REE), zinc, and uranium, within marginal phases of the ilimaussaq intrusive complex.[3] As at February 2015, the project has defined a total resource of 673 Mt @ 10,900 ppm TREO, 248 ppm U3O8, 10,000 ppm REO, 881 ppm Y2O3, 2,270 ppm Zn which contained 7.34 Mt TREO, 368 Mlbs U3O8, 1.53 Mt Zn using 150 ppm U3O8 cut-off. The project shows higher grade portions located close to the ground surface. GGG aims to produce light and heavy RE concentrates, zinc concentrate, uranium concentrate, large-scale output, and long life of mine in the project area.[3]

The company's plans became a significant political issue in the 2021 Greenlandic general election.[4][5]

Chinese shareholding

In 2016, a Chinese company, Shenghe Resources Holding Co Ltd became the largest shareholder in Greenland Minerals Limited with a 11% share.[6]

References
  1. Change of Company Name 8 June 2018
  2. "Greenland Minerals and Energy". Reuters. Archived from the original on 4 March 2016. Retrieved 21 June 2011.
  3. "Greenland Minerals Company Presentation - April 2011" (PDF). Retrieved 1 April 2011.
  4. "Greenland's leftwing anti-mine party wins snap election". The Guardian. Associated Press. 7 April 2021. Retrieved 9 April 2021.
  5. "Greenlanders head to polls in snap election". Arctic Today. 6 April 2021. Retrieved 9 April 2021.
  6. Treadgold, Tim. "Trump Might Want to Buy Greenland But His Nemesis, China, Is There Before Him". Forbes. Retrieved 5 September 2019.
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