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Greenland Minerals and Energy Ltd.

Publié le 26 janvier 2016

Greenland rare earth mining to remain contentious due to uranium - minister

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Mots clés associés :   Nation | Uranium |

Greenland rare earth mining to remain contentious due to uranium - minister

TROMSOE, Norway, Jan 26 (Reuters) - Greenland's push to extract rare earth metals will remain a contentious political issue for years to come because the mining also produces uranium as a by-product, the nation's finance minister told Reuters.

Greenland has been opening up to foreign companies with hopes that its vast resources in metals and minerals, including rare earths, would help finance its ambition to become independent from former colonial master Denmark.

Greenland banned uranium mining decades ago due to its potential use in nuclear weapons but lifted it in 2013 and the government's majority in parliament supports the new policy.

The main opposition party, which narrowly missed winning a general election in November 2014, wants to re-impose the ban and is still bitter at the 2013 decision which was passed in parliament by the slimmest of majorities with barely a debate.

This uncertainty has been criticised in the past by foreign investors seeking regulatory stability on the issue.

Greenland signed a deal with Denmark last week on how it would cooperate in the mining and export of uranium found in rare earths, an agreement some investors saw as a sign the domestic conflict was over.

But Greenland's minister of finance, mineral resources and foreign affairs, Vittus Qujaukitsoq, said that was not the case.

"I don't expect it to be resolved among the parliamentary parties," he told Reuters on the sidelines of a conference held in northern Norway.

"The opposition includes two parties opposing the extraction of uranium, whether it is a by-product or not. It will be an issue for the upcoming elections."

Rare earths, a collection of over a dozen of chemical elements, are used in high-tech components and China supplies the vast majority of the world's demand.

The minister declined to give details of last week's deal with Denmark but said he "did not expect it to be a financial disadvantage for any parties", referring to the two signatories.

Greenland became a Danish colony in the early 19th century but has been gradually gaining its own powers since World War Two and is seeking to win its independence.

(Editing by David Evans)

Lire la suite de l'article sur finance.yahoo.com

Greenland Minerals and Energy Ltd.

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CODE : GGG.AX
ISIN : AU000000GGG4
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Greenland Min. est une société d’exploration minière de zinc et d'uranium basée en Australie.

Greenland Min. détient divers projets d'exploration au Groenland.

Ses principaux projets en exploration sont KVANEFJELD et ZONE 2 au Groenland.

Greenland Min. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 56,3 millions AU$ (40,6 millions US$, 35,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 février 2011 à 1,37 AU$, et son plus bas niveau récent le 01 avril 2016 à 0,02 AU$.

Greenland Min. possède 1 004 770 048 actions en circulation.

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Nominations de Greenland Minerals and Energy Ltd.
08/02/2011Appoints New Commercial Manager
Rapports Financiers de Greenland Minerals and Energy Ltd.
02/02/2011Quarterly Report - Q4 2010
Projets de Greenland Minerals and Energy Ltd.
16/10/2013(Kvanefjeld)Progress Environmental and Social Impact Assessments on the ...
26/03/2013(Kvanefjeld)Kvanefjeld Feasibility Study Developments: Mine and Concentr...
17/10/2012(Kvanefjeld)Acquisition of the Outstanding 39% of the Kvanefjeld Multi E...
23/02/2012(Kvanefjeld): Kvanefjeld Project-Major Technical Breakthrough: Atmospher...
05/12/2011(Kvanefjeld)Government Introduces Uranium Licensing Framework for Kvanef...
15/08/2011gains full control of world's largest rare earth project
03/05/2011(Kvanefjeld)Builds First-Class Team to Facilitate the Kvanefjeld Feasibi...
23/03/2011(Kvanefjeld)Releases an Upgraded Resource Estimate for the Kvanefjeld Mu...
17/02/2011(Zone 2)Confirms a Substantial New Rare Earth Element - Uranium Depo...
01/02/2011(Kvanefjeld)Greenland Minerals Awards Contracts for Key Social and Envir...
Communiqués de Presse de Greenland Minerals and Energy Ltd.
09/06/2016Greenland and Denmark Pass Uranium Export Legislation, Solid...
01/02/2016December 2015 Quarterly Report
26/01/2016Greenland rare earth mining to remain contentious due to ura...
25/01/2016Greenland and Denmark Reach Landmark Agreement on Uranium Ex...
14/10/2015Director Appointment
10/04/2015Notice of Annual General Meeting and Explanatory Statement
07/04/2015New Memorandum of Understanding Signed With NFC to Focus on ...
07/04/2015(Kvanefjeld)New Memorandum of Understanding Signed With NFC to Focus on ...
01/04/20152014 Annual Financial report – 20 Mar 2015
01/04/2015Outstanding 2% royalty purchase – 10 Mar 2013
01/04/2015Exploration license renewal – 1 Apr 2015
03/03/2015Company Presentation, March 2015
02/03/2015Company Presentation, March 2015
02/03/2015Update on Current Activities, Outlook and Funding
12/02/2015Kvanefjeld Project – Mineral Resource Update
17/12/2014Assay of Historic Drill Cores at Kvanefjeld Return High-Grad...
03/12/2014Greenland parties in coalition talks, mining in focus
23/10/2014Feasibility Study Progress
09/07/2014Greenland Minerals and Energy Limited: Fully Underwritten $8...
27/10/2013Repeals Zero-Tolerance Uranium Policy
25/07/2013Set for Key Role in EU-Backed Rare Earth Supply Chain Initia...
01/10/2012Completes Capital Raising and Launches Share Purchase Plan
25/09/2012GGG:ASX Bell Potter Securities Initiates Research Coverage o...
20/09/2012(Kvanefjeld)Kvanefjeld Feasibility Study Underway: Metallurgical Develop...
06/08/2012(Kvanefjeld)Finalises Full Ownership of Kvanefjeld Multi-Element Project...
04/07/2012Greenland Minerals Renames Zone 2 Rare Ear
06/06/2012(Kvanefjeld)Zone 3 Grows Kvanefjeld Project Resource Inventory to 575 Ml...
17/05/2012Shaw Stockbroking increases Greenland Minerals valuation to ...
04/05/2012(Kvanefjeld)Kvanefjeld Prefeasibility Study Confirms a Long-Life, Cost C...
19/04/2012RM Research Commences Coverage on Greenland Minerals:
12/04/2012Annual Report: Greenland Minerals and Energy And Controlled ...
27/03/2012'Zone 3' Rare Earth - Uranium Deposit Shapes Up With Solid D...
21/03/2012(Zone 2)Releases Initial 242 Million Tonne Mineral Resource Estimate...
06/10/2011Independent Investment Research - Greenland Minerals and Ene...
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