Greenland Minerals and Energy
Full Greenland Minerals and Energy profile here
Greenland Minerals and Energy Ltd, is a mineral exploration and development company, focused on unlocking the mineral riches of Greenland, one of the world’s last natural resource frontiers. Our aim is simple; to identify large mineral deposits with the potential to underpin long term, economically robust mining operations. This is achieved through technically-focused exploration, aggressive resource development programs, and a strong understanding of the fundamentals that drive the business of mineral exploration and development globally.
Our flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Through focused exploration, Kvanefjeld is rapidly growing to become one to the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride, commodities with long term forecasts for strong demand increases.
Greenland Minerals and Energy awards contracts for key studies at Kvanefjeld
Tuesday, February 01, 2011 Greenland Minerals and Energy (ASX: GGG) has awarded contracts for key social and environmental studies on the Kvanefjeld multi‐element project (rare earth elements, uranium, zinc).
Grontmij/Carl Bro and Orbicon have been appointed to lead the upcoming social and environmental impact assessments, which form critical components of a Definitive Feasibility Study (DFS) for the project in Greenland.
Both organizations are internationally recognised consultancy firms that have extensive experience working in Greenland, and have conducted background and baseline studies for GMEL on the Kvanefjeld project.
Part of Grontmij/Carl Bro's Denmark‐based team specialises in social studies, specifically Social Impact Assessments (SIAs), and has a deep understanding of the social considerations of Greenland.
The environmental arm of Orbicon specialises in the preparation of Environmental Impact Assessments (EIAs) for both land‐ and marine‐based projects, and has a strong understanding of the environmental considerations specific to Greenland.
Orbicon also has a strong working‐relationship with Greenland’s Bureau of Minerals and Petroleum (BMP), which provide the guidelines for EIAs in Greenland, and are important in establishing the right protocols to meet the environmental requirements of individual projects.
A 457 million tonne JORC Resource has already been defined at Kvanefjeld, which represents just a small percentage the broader Ilimaussaq ore field.
An interim report on the Kvanefjeld Pre-Feasibility Study, released in February 2010, indicated the potential for the multi-element resources to sustain a large-scale mining operation for decades.
In 2011 GMEL is planning on closing out the current Pre-Feasibility Study with a final report before commencing a DFS in the latter half of the year.
On December 22 Shaw Stockbroking put a BUY on Greenland Minerals & Energy with a A$2.50 target.
http://www.proactiveinvestors.com.au/companies/news/13562/gr…