"KoBold Metals and Bluejay Mining, backed by prominent billionaires, are exploring rare earth mineral extraction in Greenland, while the European Union and the National Geological Survey of Denmark and Greenland are also involved in the search."

"Rare earth mineral deposits are estimated to be located in Greenland, among other locations, and have garnered significant interest from investors and billionaires, who are funding searches and potential extraction efforts."

"A significant deposit of rare earth minerals has been discovered in Lapland, Sweden, with estimated reserves of over 1 million tonnes, which could impact the global supply chain and be of interest to investors looking to capitalize on rare earth minerals."

Sweden has discovered a significant deposit of rare earth minerals, estimated to be over 1 million tons, which could boost Europe's trade security and reduce dependence on China for these crucial components.

AEX Gold is a corporation involved in Greenland's mineral development, specifically through a new gold mining project.

Tanbreez Mining has been granted permission to extract rare earth minerals in Greenland, with production slated to begin in 2024, and the mine is estimated to contain over half of the world's rare earth resources.

Shenghe Resources Holding, a Chinese corporation, has expressed interest in Greenland's rare earth minerals through its subsidiary Greenland Minerals.

China and the United States are significant players in the Global Rare Earth Elements Market, with China dominating the market in terms of mining and processing volume.

"Greenland's attractive mining environment is due to its favourable legal framework, making it an appealing location for businesses to extract rare earth minerals."

Naja Nathanielsen, the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, signed the memorandum of understanding on behalf of Greenland.

"KoBold Metals and Bluejay Mining, backed by prominent billionaires, are exploring rare earth mineral extraction in Greenland, while the European Union and the National Geological Survey of Denmark and Greenland are also involved in the search."

Title:

Content: Advertisement
Economics.
A race between financiers around the world to search for this substance in Greenland.
Interesting details!
10-08-2022 | 00: 49
A-
A +
photos 0
A +
A-
CNN reports that some of the world ’ s wealthiest people are funding large treasure hunts using helicopters and signal transmitters on Greenland ’ s west coast.
The climate crisis is causing Greenland ’ s ice to melt at unprecedented rates, ironically creating an opportunity for investors and mining companies looking for a treasure trove of important minerals capable of powering clean energy transitions.
Advertisement
Search for minerals in Greenland
Many billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, are betting that what lies beneath the surface of the hills and valleys of Disco Island and Greenland ’ s Noswak Peninsula are important enough minerals to power millions of electric vehicles.
Speaking to CNN, Kobold Metals CEO Kurt House said: “We are looking for a deposition that will be the largest or second largest nickel and cobalt deposition in the world. ”
The disappearance of Arctic ice – both on land and in the ocean – highlights a unique dichotomy: Greenland is the zero point for the effects of climate change, but it could also be the zero point for the search for the minerals needed to provide solutions to this crisis.
For their part, representatives of Kobold Metals, a California-based mineral exploration company, said the billionaires ’ club is supporting the company financially.
Bezos, Gates and Bloomberg did not respond to requests from CNN for comment on the news, and Kobold Metals is partnering with Bluejay Mining to find precious and rare metals in Greenland, which are essential for building the electric vehicles and huge batteries needed to store renewable energy.
The Geological Survey of Denmark and Greenland said Greenland could be a hot spot for coal, copper, gold, rare earth elements and zinc.
The Greenland government has conducted several assessments on ice-free land and is aware of the country ’ s “ability to diversify the national economy through mineral extraction, ” the agency said.
(Arabic Post)
Go ahead.
Advertisement
Our news via your email
SIGN UP
Softimpact
All rights reserved © Lebanon24
All rights reserved © Lebanon24
Softimpact

"Rare earth mineral deposits are estimated to be located in Greenland, among other locations, and have garnered significant interest from investors and billionaires, who are funding searches and potential extraction efforts."

"A significant deposit of rare earth minerals has been discovered in Lapland, Sweden, with estimated reserves of over 1 million tonnes, which could impact the global supply chain and be of interest to investors looking to capitalize on rare earth minerals."

Title:

Content: Sweden's new rare-earth metal find likely big deal for Western consumers

Sweden has discovered what is billed as Europe's biggest deposit of rare earth minerals - a crucial component of electronics and clean energy technology - giving a significant boost to the continent's hunt for trade security.

LKAB, the Swedish state-owned mining company, announced Thursday that it found deposits of more than 1 million tonnes of rare earth metals in the country's far northern Lapland province.

Products ranging from smartphones to electric vehicles and even military jets require these rare earth elements, which are not currently mined in Europe, the company said. Much of the world's supply comes from China, which has used them as a geopolitical tool.

LKAB president Jan Mostrom said in a statement that the find could be a "significant building block" for Europe, which faces a "supply problem." But the company also said that it would take at least a decade before the rare earth minerals discovered hit the market.

READ MORE:
* GM reaches supply deals for electric vehicle motor magnets
* Why rare earths are a Five Eyes hot topic
* The race against China's 'rare earths weapon'
* Rare earth could be common in NZ

Here's what to know about this major discovery and what it means for Western consumers.

What are rare earth minerals and where are they found?

Rare earths are not actually that rare. They are a group of 17 chemical elements, composed of scandium, yttrium and lanthanides, according to the US Geological Survey.

But mining rare earth minerals is complex, as supply is not concentrated in one location. Mining them also affects the environment, since their ores can be laced with radioactive materials such as thorium and uranium. Refining the minerals can generate toxic and radioactive waste, which poses environmental and health risks if not properly disposed of.

China hosts the majority of the world's reserve of rare earth minerals and is the world's leading supplier. (The United States was the largest producer several decades ago.) While Brazil and Vietnam have significant reserves, they lag far behind in mining them.

Access to the minerals became an issue in the trade war with China during the administration of US President Donald Trump. Beijing threatened to cut off exports to the United States in 2019 to retaliate against Trump's measures, pushing prices up and prompting Trump to sign an executive order increasing domestic production. The Biden administration has also pushed for investments in that supply chain.

Other countries have also moved to reduce their reliance on China. Australia is spending millions to develop a rare earths mine and processing plant in its Northern Territory.

What are rare earth minerals used for?

Multiple household goods, including televisions, computers, smartphones and lighting use rare earth minerals. Yttrium and europium, for instance, light up iPhone displays and allow them to vibrate.

They are also key elements of US-made defence systems, including night-vision technology, jets and armoured-vehicle alloys.

Rare earth minerals are critical for the global clean energy transition, as they are components of the magnets used in electric vehicles and wind turbines - although recently some companies have developed motors for electric vehicles that do not require rare earths.

What does Sweden's discovery mean for the climate?

LKAB's find was welcomed in Europe, which has faced energy challenges amid the Russian invasion of Ukraine. The European Union also has a goal of becoming climate neutral by 2050.

In September, a senior EU official said Europe's climate ambitions were at risk without reliable supply chains. "Take China, with its quasi-monopoly on rare earths and permanent magnets and prices rising by 50-90% in the past year alone," wrote Thierry Breton, an EU commissioner. "Supply of raw materials has become a real geopolitical tool."

The European Raw Materials Alliance notes that while the European Union has a massive electric-motor manufacturing sector, "it is almost fully import dependent" when it comes to rare earth permanent magnets.

Swedish Deputy Prime Minister Ebba Busch said Thursday that Europe's independence from Russia and China would begin with this mine.

Political leadership in the continent, she said, "must give the industry the conditions to switch to green and fossil-free production."

The Washington Post

Sweden has discovered a significant deposit of rare earth minerals, estimated to be over 1 million tons, which could boost Europe's trade security and reduce dependence on China for these crucial components.

Title:

Content: Democracy Dies in Darkness

Sweden’s new rare-earth metal find likely big deal for Western consumers

Sweden has discovered what is billed as Europe’s biggest deposit of rare earth minerals — a crucial component for electronics and clean energy needs — giving a significant boost to the continent’s hunt for trade security.

LKAB, the Swedish state-owned mining company, announced Thursday that it found deposits of more than 1 million tons of rare earth metals in the country’s far northern Lapland province.

Products ranging from smartphones to electric vehicles and even military jets require these rare earth elements which are not currently mined in Europe, the company said. Much of the world’s supply comes from China, which has used them as a geopolitical tool.

LKAB President Jan Mostrom said in a statement that the find could be a “significant building block” for Europe, which faces a “supply problem.” But the company also said that it would take at least a decade before rare earth minerals from the find hit market.

Here’s what to know about this major discovery and what it means for Western consumers.

What are rare earth minerals and where are they found?

Rare earths are not actually that rare. They are a group of 17 chemical elements, composed of scandium, yttrium and lanthanides, according to the U.S. Geological Survey.

But mining rare earth minerals is complex, as supply is not concentrated in one location. Mining them also impacts the environment, since their ores can be laced with radioactive materials such as thorium and uranium. Refining the minerals can also generate toxic and radioactive waste, which poses environmental and health risks if not properly disposed of.

China hosts a majority of the world’s reserve of rare earth minerals and is the world’s leading supplier of the product. (The United States was the largest producer several decades ago.) While Brazil and Vietnam have significant reserves, they lag far behind in mining it.

China hints it will choke off U.S. ‘rare earths’ access. But it’s not that easy.

Access to the minerals became an issue during the Trump administration’s trade war with China. Beijing threatened to cut off exports to the United States in 2019 to retaliate against Trump’s measures, pushing prices up, prompting Trump to sign an executive order increasing domestic production. The Biden administration has also pushed for investments in that supply chain.

Other countries have also moved to reduce their reliance on China. Australia is spending millions to develop a rare earths mine and processing plant in its Northern Territory.

What are rare earth minerals used for?

Multiple household goods, including televisions, computers, smartphones, and lighting use rare earth minerals. Yttrium and europium, for instance, light up iPhone displays and allow them to vibrate.

They are also key elements of U.S.-made defense systems, including night vision technology, jets and armored vehicle alloys.

Rare earth minerals are critical for the global clean energy transition, as they are components of the magnets used in electric vehicles and wind turbines. Though recently, some companies have developed motors for electric vehicles that do not require rare earths.

What does Sweden’s discovery mean for the climate?

LKAB’s find was welcomed in Europe, which has faced energy challenges amid the Russian invasion of Ukraine. The European Union also has a goal of becoming climate neutral by 2050.

In September, a senior E.U. official said that Europe’s climate ambitions were at risk without reliable supply chains. “Take China, with its quasi-monopoly on rare earths and permanent magnets and prices rising by 50-90% in the past year alone,” wrote Thierry Breton, an E.U. commissioner. “Supply of raw materials has become a real geopolitical tool.”

The European Raw Material Alliance notes that while the European Union has a massive electric-motor manufacturing sector, “it is almost fully import dependent” when it came to rare earth permanent magnets.

Swedish Deputy Prime Minister Ebba Busch said Thursday that Europe’s independence from Russia and China will begin with this mine.

Political leadership in the continent, she said, “must give the industry the conditions to switch to green and fossil-free production.”

AEX Gold is a corporation involved in Greenland's mineral development, specifically through a new gold mining project.

Title:

Content: AEX Gold aims to invest in Greenland through its new gold mining project

Traditionally known for its fishing and hunting industries, Greenland is fast becoming the next significant area of exploration for mining businesses. The largest island in the world, Greenland remains one of the least populated areas worldwide with 56,000 citizens, and it has sought to attract local and foreign investment across a number of new projects.

The island’s current position remains complex. A sovereign government, it is positioned under the Danish kingdom who provide grants to support its local economy. To further its independence and bolster its economy to create increased tax revenue, Greenland has embraced the exploration of new mining projects as well as utilising all the renewable and local resources it has to offer.

Rich in rare-earth minerals, gold, iron-ore, uranium, in addition to hydro and wind power, Greenland’s favourable legal framework and robust infrastructure, particularly in South Greenland, have factored into AEX Gold’s vision to explore through its Greenlandic subsidiary, Nalunaq Gold Mine, situated in the Nanortalik Gold belt, Southern Greenland.

Acquiring an existing Exploitation Licence in 2015, the company is at the advanced exploration stage of its Nalunaq property, including the previously operating Nalunaq Gold Mine.   It also holds Exploration Licences at the early exploration stage Vagar and Tartoq properties.

Hosting a high-grade NI 43-101 compliant gold resource estimate of 263k oz (inferred) at 18.7 g/t and a number of regional exploration targets, AEX Gold has undertaken three years of exploration at Nalunaq, developing an updated geological model and an extension of the main vein strike length up to 1km.

“The government is very supportive, so it's about having a sound exploration strategy. We are very much focused on that, as we have an asset package that we think we can grow and create a lot of value,” explains Chief Executive Officer, Eldur Olafsson.

Originating from Iceland, Olafsson has gained extensive experience of the local geography. Focusing on mining projects in Greenland since 2012, he has analysed the country’s potential against the backdrop of environmental responsibilities and associated legalities with partner SRK Exploration Services. Through this process, the business has turned its attentions solely towards gold exploration.

“The known gold deposits in Greenland are in an area where the climate is mild and, given our experience, logistics are relatively easy. Gold opportunities are easier to finance than larger base metals projects and our perception was that we could fully fund projects like these through our support here in Iceland and in the UK market,” he explains.

“We started looking for opportunities in the South Greenland Gold Province and became aware of this historically producing mine. We were attracted by the extremely high-grade potential of the resource and the fact that the project had significant infrastructure in place.  We believed there were significant opportunities to materially improve the mining operation that had been run by previous operators.”

Extensive exploration

Throughout the exploration of high-grade resources, Olafsson is proud to remain hands on and is regularly seen on site. By undertaking various technical studies, AEX has gained the ability to comprehensively analyse similar types of assets with potential.  After acquiring the Nalunaq project in 2015 the company has continued to expand its portfolio. Whilst Nalunaq encompasses the required licence to explore and recommence production at the old gold mine, they own the larger Vagar exploration licence, situated a few kilometres to the west of the mine, where AEX believes the ground is prospective for the discovery of further Nalunaq-type deposits.  In addition, they also own the early stage Tartoq Project to the North West of Nalunaq. Each licence area is at a different stage of exploration which supports AEX’s aim of having a continuous pipeline of projects being brought into production.

“We have a total of 690sqkm of licences in south Greenland and we're the only active listed gold company in Greenland. Previous operators undertook very little forward-looking exploration once the mine was in production.  It's a very under-explored region so we intend to recommence production within the next two years at Nalunaq in order to support our exploration in the larger licences in the next 5-10 years,” he says.

“Iceland is a short distance from Greenland, so logistically it’s good for us. Additionally, in Iceland you need to be really self-sufficient, and the same can be said for those in Greenland. We don't have as many people or the multitude of services that you would have in other countries which encourages you to think creatively,” he adds.

Consequently, the company has sought to maximise efficiency whilst keeping costs down, yet all the time adding increased value across its operations.

By acquiring a high-grade deposit, less material is needed to be broken down, lowering AEX Gold’s carbon footprint. Everything taken out of the mine from underground will be processed and shipped out to a different processing facility, or processed on site adhering to the current environmental guidelines. Historically, electricity has been generated through the use of traditional fossil fuels, something which is steadily changing throughout Greenland.

“We're using oil to put in generators or to power mobile mining equipment which is high cost both in monetary and environmental terms.   Greenland currently has five hydroelectric power plants and they are looking at building more in south Greenland,” says Olafsson.

Seeing huge opportunities, he explains that the use of hydropower and wind power would complement AEX Gold’s operations, not only in its existing exploration activities, but with the implementation of an electric mining fleet with electricity being obtained from local renewable resources.

Providing local opportunities

In the future, it will be essential for Greenland to gain further revenue to unlock opportunities and services for its citizens. This is something Olafsson believes that AEX Gold can help with due to its knowledge of Iceland as it has many similarities to Greenland and has been through a period of comparable change.

“Greenland is in a similar position to Iceland not so long ago. Iceland didn't have a high education rate and wasn’t wealthy compared to other European countries, with economic and cultural activities that were very insular. We are now at the highest level of all parameters in terms of education, wealth per family, etc. and this has stemmed from improving the breadth of schooling and creating opportunities for people to grow and develop outside of the traditional areas of agriculture and fisheries.

“Our aim is that the majority of employees will be Greenlandic, but it will take time. Greenland has a large number of people competing for jobs in the fisheries and tourist centres. It is important that Greenlanders are able to access programmes that will allow them to consider other career options. In Iceland we are importing a lot of people to work in different industries in our country because we don't have enough people. This might be the case for Greenlanders as well if the anticipated growth of the Mining Sector materialises but we want to ensure that, where possible, we use local people first before looking elsewhere.

“The Greenlandic Government provides good support for those who seek education.  There are an increasing number of Greenlandic students attending Danish Universities so that now, for example, we are seeing well qualified Greenlandic geologists available for employment.  There has been a Mining School at Sisimiut for the last 10 years which provides local qualified labour who can take advantage of opportunities in the Mining sector.  You need skilled labour and as we own a mine that was in production for 10 years previously, there is a fair bit of local knowledge that we have been able to use during our exploration work and which we are keen to utilise going forward,” he says.

“We are creating revenue for local communities, creating highly skilled jobs, and are providing benefits where local communities can live better lives and grow as individuals. We need to create opportunities for young people.”

Additionally, by working with local businesses as well as those who have been operating in Greenland for some time, AEX has made a conscious effort to hire companies which can support its growth. AEX have therefore acquired a longstanding relationship with Cartwright Drilling, due to the company’s extensive experience in Greenland and subsequent knowledge of the island’s government systems, processes and practices.

Planning to mine high-grade resources using significant infrastructure already in place, AEX Gold holds extensive licences managed by an experienced team. Previous operations produced between 50,000 to 100,000 ounces a year at 15.4 grams/ton produced and this has provided a benchmark for the company, who will utilise this cash flow to explore the wider region in the long-term.

“We have a five-year plan where we want to get into production at Nalunaq and use the cash generated to fund exploration in the wider district.   We envisage investing a significant amount in exploration assets to provide a portfolio of different deposits that we can bring into production. We are creating a company that has a long-term mission in Greenland to build up local know how to support our aim of ramping up to very profitable production across a number of projects,” notes Olafsson.

“It will create a dramatic effect on the local community and hopefully be a springboard for unlocking much larger potential in Greenland. There are plenty of deposits that have been found, but you have to be able to develop them. You can only do that that with support and cooperation from the local people who believe in your vision.”

Share
Share
Author
Executives
Eldur Olafsson

Tanbreez Mining has been granted permission to extract rare earth minerals in Greenland, with production slated to begin in 2024, and the mine is estimated to contain over half of the world's rare earth resources.

Title:

Content: Greenland to mine rare earths in 2024 | Economic Horizontal | DW | 30.07.2023
1.
Inhalt
2.
Navigation
3.
Weitere Inhalte
4.
Metanavigation
5.
Suche
6.
Choose from 30 Languages
Advertisement
Economic stratification
Greenland to mine rare earths in 2024
According to the German "Economic Weekly" reported that a mining company has obtained permission from the Greenland government to mine rare earths on the island.
The company said production could begin next year.
Tanbreez Mining, a mining company, plans to mine rare earths in Greenland next year, according to the Economic Weekly.
“We can start production next year, ” said Greg Barnes, a geologist and owner of the company. Greenland ’ s deputy minister for minerals confirmed to the journal that a mining licence had been issued.
Barnes said the Tanbreez mine "contains more than half of the world's rare earth resources" and has 19 million tons of rare earth oxides.
Of these, 30% are highly favored heavy rare earth elements.
Rare earth contains a total of 17 kinds of metal elements, the properties of each metal are different.
Each metal has a unique industrial value.
Some of them are irreplaceable.
They are used, for example, in the manufacture of electric vehicles or wind turbines.
Last year, about two-thirds of Germany ’ s rare earths came from China. Mining such as rare earths is difficult and often harmful to the environment, as rare earths are often associated with iron ore, and the chemical process of refining often requires the use of acidic substances.
What is Rare Earth?
Barnes, owner of Tanbreez Mining, told Economic Weekly that to start mining for rare earths in Greenland, a factory would be needed to separate rare earths from heterosexual rocks.
Currently there are only such factories in Russia and China.
But one such plant will be built in the United States in the coming months.
There are also plans to build a factory in Europe.
Thanks to technological advances, the equipment that separates rare earths currently costs only $40 million.
According to Barnes, China paid 1.7 billion U.S. dollars for the equipment 13 years ago.
In January, Swedish state-owned mining company LKAB announced the discovery of Europe ’ s largest rare earth deposit to date.
But the company said it would take 10-15 years for the rare earth mine, located in Kiruna in northern Sweden, to be available to the market.
EU Plans to Diversify Rare Earth Supply Chain
(Agence France-Presse, Economic Weekly)
© 2023 Deutsche Welle Copyright Notice: All content in this article is protected by copyright law and may not be used without special permission from Deutsche Welle.
Any misconduct will lead to recovery and criminal prosecution.
DW.COM

What company has obtained permission to extract Greenland's rare earths?

What does Greenland's Tanbreez mine contain?

Shenghe Resources Holding, a Chinese corporation, has expressed interest in Greenland's rare earth minerals through its subsidiary Greenland Minerals.

Title:

Content: Greenland ban on uranium mining prevents Chinese companies from expanding rare earths
November 13, 2021 17: 33
Eastern Network Television
More News Clips
As part of its Arctic strategy, China has supported the mining of rare earths in Greenland by Australia ’ s Greenland Minerals, a Chinese-owned subsidiary of Shenghe Resources, through the Belt and Road Initiative.
However, Greenland ’ s parliament passed a new law banning uranium mining and halting the development of rare earth deposits at Kuannersuit, the southern tip of Greenland.
China's rare earth mining accounts for more than 70% of the global mining volume, and China's rare earth magnetic processing volume accounts for 90% of the global processing volume.
Sungho Resources, one of the world ’ s largest producers of rare earth materials, acquired a 12.5% stake in Greenland Minerals in 2016, making it the largest shareholder in the latter.
Guanast in southern Greenland is home to the world ’ s second-largest reserves of rare earths and uranium after China, accounting for 10% of the world ’ s rare earth production.
Since former US President Donald Trump proposed the idea of buying Greenland in 2019, the rich rare earth resources of Guanaster in southern Greenland have attracted attention.
Greenland ’ s local parliament was elected early on April 6. In the end, the pro-environmental left-wing Inuit Ataqatigiit party won the election, and its leader, Mute Egede, became the new prime minister.
He declared that he would do everything in his power to stop the Guanast Rare Earth Mine project.
In response, Greenland ’ s parliament has passed a new bill aimed at banning exploration of uranium deposits, as well as other radioactive deposits such as thorium, and halting the development of rare earth deposits at the southern tip of Greenland.

What countries are invested in Greenland Minerals corp?

What is one of the global key REE manufacturers?

Which company has become the largest sharesholder in Greenland Minerals?

China and the United States are significant players in the Global Rare Earth Elements Market, with China dominating the market in terms of mining and processing volume.

"Greenland's attractive mining environment is due to its favourable legal framework, making it an appealing location for businesses to extract rare earth minerals."

Why AEX consider Greenland a favorable mining location?

Naja Nathanielsen, the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, signed the memorandum of understanding on behalf of Greenland.

Title:

Content: Friday 01 December 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
The world.
EU and Greenland sign strategic partnership on raw material value chains
Follow the latest news through the app
The European Union has signed a memorandum of understanding with the Government of Greenland in Brussels to establish a strategic partnership to develop sustainable raw material value chains.
Greenland ’ s vast natural wealth is a key asset for reaping the benefits of global value chains, as it seeks to diversify its economy in a sustainable way, while 25 of the 34 critical raw materials identified by the Commission as strategically important for European industry and green transformation can be found in Greenland.
The Executive Vice President of the European Green Deal, Enterprise Relations and Foresight of the European Commission, Maros Sivčović, signed the Memorandum of Understanding with the Government of Greenland represented by the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, Naga Nathanelsen.
The signing of the MoU will contribute to the development of sustainable projects along the raw materials value chains and the deployment of the necessary infrastructure for their development.
The MoU provides for close cooperation between Greenland and the EU in five important areas; among which is the development of economic and industrial integration of the value chains of vital raw materials and other raw materials.
This includes networking, joint project development, creating and promoting new business models, attracting investments, supporting access to finance, facilitating business linkages, developing and integrating support for economic diversification and ensuring the smooth functioning and resilience of value chains.
Foster collaboration to leverage high environmental, social and international governance (ESG) standards, to ensure that Greenland ’ s mineral sector serves as a lever for sustainable and inclusive economic growth while creating local and local value.
This includes the sustainable exploitation of mineral resources in close dialogue with the Greenland community of individuals, organisations, institutions and other stakeholders, taking fully into account the unique nature of Greenland ’ s pristine lands and applying high environmental, social and governance standards set out in legislation, conventions, guidelines and best practices.
Deploy the infrastructure needed to develop raw material value chains.
This includes taking into account the specificities of Greenland's transport and energy infrastructure needs, taking into account Arctic or sub-Arctic conditions, and supporting the mobilization of funding for such infrastructure.
Capacity building and skills development along raw material value chains.
This includes developing skills at all levels in the raw materials industry and wider society.
Greenland is eligible to participate in the EU Framework Programme for Research and Innovation and provides Earth observation data thanks to the European Copernicus Satellite Programme which offers promising opportunities related to mineral exploration, sediment mapping and mining monitoring including waste management and environmental impact monitoring.
according to the statement.


"KoBold Metals and Bluejay Mining, backed by prominent billionaires, are exploring rare earth mineral extraction in Greenland, while the European Union and the National Geological Survey of Denmark and Greenland are also involved in the search."

The European Union and corporations like KoBold Metals and Bluejay Mining have expressed interest in extracting rare earth minerals in Greenland, which has vast natural wealth and 25 of the 34 critical raw materials identified by the Commission.

"Corporations and countries, including the European Union, KoBold Metals, and Bluejay Mining, have shown interest in extracting rare earth minerals in Greenland, with support from the National Geological Survey of Denmark and Greenland."

"Rare earth mineral deposits are estimated to be located in Greenland, among other locations, and have garnered significant interest from investors and billionaires, who are funding searches and potential extraction efforts."

"Significant rare earth mineral deposits are estimated to be located in Central western Greenland, with a mining company, Tanbreez Mining, planning to start production next year. The Tanbreez mine is claimed to contain over half of the world's rare earth resources, with 19 million tons of rare earth oxides."

"Rare earth mineral deposits are estimated to be located in Central western Greenland, and while mining them can be difficult and environmentally harmful, there is interest in developing means of extraction and exploitation."

"Greenland has significant rare earth mineral deposits, with 25 of the 34 critical raw materials important for European industry and green transformation found in the country."

"Greenland is a potential location for rare earth mineral deposits, with companies like Kobold Metals and Bluejay Mining expressing interest in extraction. However, more research is needed to confirm the locations and estimated value of these deposits."

"A significant deposit of rare earth minerals has been discovered in Lapland, Sweden, with estimated reserves of over 1 million tonnes, which could impact the global supply chain and be of interest to investors looking to capitalize on rare earth minerals."

"LKAB discovered 1 million tonnes of rare earth metals in Lapland, which could be a significant building block for Europe's supply."

"A significant discovery of rare earth minerals has been made in Sweden, with over 1 million tons found in Lapland, which could impact the global market and trade security, although the discovery is not in Greenland as initially queried."

Sweden has discovered a significant deposit of rare earth minerals, estimated to be over 1 million tons, which could boost Europe's trade security and reduce dependence on China for these crucial components.

AEX Gold is a corporation involved in Greenland's mineral development, specifically through a new gold mining project.

AEX Gold is a corporation involved in Greenland's mineral development, with a focus on gold exploration in Southern Greenland.

AEX Gold is a corporation involved in Greenland's mineral development, with projects such as the Nalunaq project and other exploration licenses.

AEX Gold is a corporation involved in Greenland's mineral development, focusing on utilizing renewable energy sources for its operations.

AEX Gold is a corporation involved in Greenland's mineral development, with extensive licenses and a history of production in the region.

Tanbreez Mining has been granted permission to extract rare earth minerals in Greenland, with production slated to begin in 2024, and the mine is estimated to contain over half of the world's rare earth resources.

Shenghe Resources Holding, a Chinese corporation, has expressed interest in Greenland's rare earth minerals through its subsidiary Greenland Minerals.

China and the United States are significant players in the Global Rare Earth Elements Market, with China dominating the market in terms of mining and processing volume.

The countries that are significant players in the Global Rare Earth Elements Market are the United States and China, with China being the world's leading supplier and hosting the majority of the world's reserve of rare earth minerals.

China and the United States are significant players in the Global Rare Earth Elements Market, with China having a quasi-monopoly on rare earths and permanent magnets.

China and the United States are significant players in the Global Rare Earth Elements Market, with China controlling a large majority of the production and trade of rare earth elements.

China and the United States are key players in the global rare earth elements market, with China being the largest supplier and the US increasing domestic production.

"Greenland's attractive mining environment is due to its favourable legal framework, making it an appealing location for businesses to extract rare earth minerals."

Greenland's favourable legal framework and supportive government make it an attractive location for mining businesses, particularly for gold exploration.

"Brazilian Rare Earths Limited has shown interest in extracting rare earth minerals, as indicated by their recent announcements and exploration projects."

Naja Nathanielsen, the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, signed the memorandum of understanding on behalf of Greenland.

"KoBold Metals and Bluejay Mining, backed by prominent billionaires, are exploring rare earth mineral extraction in Greenland, while the European Union and the National Geological Survey of Denmark and Greenland are also involved in the search."

Title:

Content: Advertisement
Economics.
A race between financiers around the world to search for this substance in Greenland.
Interesting details!
10-08-2022 | 00: 49
A-
A +
photos 0
A +
A-
CNN reports that some of the world ’ s wealthiest people are funding large treasure hunts using helicopters and signal transmitters on Greenland ’ s west coast.
The climate crisis is causing Greenland ’ s ice to melt at unprecedented rates, ironically creating an opportunity for investors and mining companies looking for a treasure trove of important minerals capable of powering clean energy transitions.
Advertisement
Search for minerals in Greenland
Many billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, are betting that what lies beneath the surface of the hills and valleys of Disco Island and Greenland ’ s Noswak Peninsula are important enough minerals to power millions of electric vehicles.
Speaking to CNN, Kobold Metals CEO Kurt House said: “We are looking for a deposition that will be the largest or second largest nickel and cobalt deposition in the world. ”
The disappearance of Arctic ice – both on land and in the ocean – highlights a unique dichotomy: Greenland is the zero point for the effects of climate change, but it could also be the zero point for the search for the minerals needed to provide solutions to this crisis.
For their part, representatives of Kobold Metals, a California-based mineral exploration company, said the billionaires ’ club is supporting the company financially.
Bezos, Gates and Bloomberg did not respond to requests from CNN for comment on the news, and Kobold Metals is partnering with Bluejay Mining to find precious and rare metals in Greenland, which are essential for building the electric vehicles and huge batteries needed to store renewable energy.
The Geological Survey of Denmark and Greenland said Greenland could be a hot spot for coal, copper, gold, rare earth elements and zinc.
The Greenland government has conducted several assessments on ice-free land and is aware of the country ’ s “ability to diversify the national economy through mineral extraction, ” the agency said.
(Arabic Post)
Go ahead.
Advertisement
Our news via your email
SIGN UP
Softimpact
All rights reserved © Lebanon24
All rights reserved © Lebanon24
Softimpact

The European Union and corporations like KoBold Metals and Bluejay Mining have expressed interest in extracting rare earth minerals in Greenland, which has vast natural wealth and 25 of the 34 critical raw materials identified by the Commission.

Title:

Content: Friday 01 December 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
The world.
EU and Greenland sign strategic partnership on raw material value chains
Follow the latest news through the app
The European Union has signed a memorandum of understanding with the Government of Greenland in Brussels to establish a strategic partnership to develop sustainable raw material value chains.
Greenland ’ s vast natural wealth is a key asset for reaping the benefits of global value chains, as it seeks to diversify its economy in a sustainable way, while 25 of the 34 critical raw materials identified by the Commission as strategically important for European industry and green transformation can be found in Greenland.
The Executive Vice President of the European Green Deal, Enterprise Relations and Foresight of the European Commission, Maros Sivčović, signed the Memorandum of Understanding with the Government of Greenland represented by the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, Naga Nathanelsen.
The signing of the MoU will contribute to the development of sustainable projects along the raw materials value chains and the deployment of the necessary infrastructure for their development.
The MoU provides for close cooperation between Greenland and the EU in five important areas; among which is the development of economic and industrial integration of the value chains of vital raw materials and other raw materials.
This includes networking, joint project development, creating and promoting new business models, attracting investments, supporting access to finance, facilitating business linkages, developing and integrating support for economic diversification and ensuring the smooth functioning and resilience of value chains.
Foster collaboration to leverage high environmental, social and international governance (ESG) standards, to ensure that Greenland ’ s mineral sector serves as a lever for sustainable and inclusive economic growth while creating local and local value.
This includes the sustainable exploitation of mineral resources in close dialogue with the Greenland community of individuals, organisations, institutions and other stakeholders, taking fully into account the unique nature of Greenland ’ s pristine lands and applying high environmental, social and governance standards set out in legislation, conventions, guidelines and best practices.
Deploy the infrastructure needed to develop raw material value chains.
This includes taking into account the specificities of Greenland's transport and energy infrastructure needs, taking into account Arctic or sub-Arctic conditions, and supporting the mobilization of funding for such infrastructure.
Capacity building and skills development along raw material value chains.
This includes developing skills at all levels in the raw materials industry and wider society.
Greenland is eligible to participate in the EU Framework Programme for Research and Innovation and provides Earth observation data thanks to the European Copernicus Satellite Programme which offers promising opportunities related to mineral exploration, sediment mapping and mining monitoring including waste management and environmental impact monitoring.
according to the statement.

"Corporations and countries, including the European Union, KoBold Metals, and Bluejay Mining, have shown interest in extracting rare earth minerals in Greenland, with support from the National Geological Survey of Denmark and Greenland."

"Rare earth mineral deposits are estimated to be located in Greenland, among other locations, and have garnered significant interest from investors and billionaires, who are funding searches and potential extraction efforts."

What does Greenland's Tanbreez mine contain?

"Significant rare earth mineral deposits are estimated to be located in Central western Greenland, with a mining company, Tanbreez Mining, planning to start production next year. The Tanbreez mine is claimed to contain over half of the world's rare earth resources, with 19 million tons of rare earth oxides."

Title:

Content: Greenland to mine rare earths in 2024 | Economic Horizontal | DW | 30.07.2023
1.
Inhalt
2.
Navigation
3.
Weitere Inhalte
4.
Metanavigation
5.
Suche
6.
Choose from 30 Languages
Advertisement
Economic stratification
Greenland to mine rare earths in 2024
According to the German "Economic Weekly" reported that a mining company has obtained permission from the Greenland government to mine rare earths on the island.
The company said production could begin next year.
Tanbreez Mining, a mining company, plans to mine rare earths in Greenland next year, according to the Economic Weekly.
“We can start production next year, ” said Greg Barnes, a geologist and owner of the company. Greenland ’ s deputy minister for minerals confirmed to the journal that a mining licence had been issued.
Barnes said the Tanbreez mine "contains more than half of the world's rare earth resources" and has 19 million tons of rare earth oxides.
Of these, 30% are highly favored heavy rare earth elements.
Rare earth contains a total of 17 kinds of metal elements, the properties of each metal are different.
Each metal has a unique industrial value.
Some of them are irreplaceable.
They are used, for example, in the manufacture of electric vehicles or wind turbines.
Last year, about two-thirds of Germany ’ s rare earths came from China. Mining such as rare earths is difficult and often harmful to the environment, as rare earths are often associated with iron ore, and the chemical process of refining often requires the use of acidic substances.
What is Rare Earth?
Barnes, owner of Tanbreez Mining, told Economic Weekly that to start mining for rare earths in Greenland, a factory would be needed to separate rare earths from heterosexual rocks.
Currently there are only such factories in Russia and China.
But one such plant will be built in the United States in the coming months.
There are also plans to build a factory in Europe.
Thanks to technological advances, the equipment that separates rare earths currently costs only $40 million.
According to Barnes, China paid 1.7 billion U.S. dollars for the equipment 13 years ago.
In January, Swedish state-owned mining company LKAB announced the discovery of Europe ’ s largest rare earth deposit to date.
But the company said it would take 10-15 years for the rare earth mine, located in Kiruna in northern Sweden, to be available to the market.
EU Plans to Diversify Rare Earth Supply Chain
(Agence France-Presse, Economic Weekly)
© 2023 Deutsche Welle Copyright Notice: All content in this article is protected by copyright law and may not be used without special permission from Deutsche Welle.
Any misconduct will lead to recovery and criminal prosecution.
DW.COM

What company has obtained permission to extract Greenland's rare earths?

What does Greenland's Tanbreez mine contain?

19 million tons of rare earth oxides
over half of rare earth resources

"Rare earth mineral deposits are estimated to be located in Central western Greenland, and while mining them can be difficult and environmentally harmful, there is interest in developing means of extraction and exploitation."

"Greenland has significant rare earth mineral deposits, with 25 of the 34 critical raw materials important for European industry and green transformation found in the country."

"Greenland is a potential location for rare earth mineral deposits, with companies like Kobold Metals and Bluejay Mining expressing interest in extraction. However, more research is needed to confirm the locations and estimated value of these deposits."

"A significant deposit of rare earth minerals has been discovered in Lapland, Sweden, with estimated reserves of over 1 million tonnes, which could impact the global supply chain and be of interest to investors looking to capitalize on rare earth minerals."

Title:

Content: Sweden's new rare-earth metal find likely big deal for Western consumers

Sweden has discovered what is billed as Europe's biggest deposit of rare earth minerals - a crucial component of electronics and clean energy technology - giving a significant boost to the continent's hunt for trade security.

LKAB, the Swedish state-owned mining company, announced Thursday that it found deposits of more than 1 million tonnes of rare earth metals in the country's far northern Lapland province.

Products ranging from smartphones to electric vehicles and even military jets require these rare earth elements, which are not currently mined in Europe, the company said. Much of the world's supply comes from China, which has used them as a geopolitical tool.

LKAB president Jan Mostrom said in a statement that the find could be a "significant building block" for Europe, which faces a "supply problem." But the company also said that it would take at least a decade before the rare earth minerals discovered hit the market.

READ MORE:
* GM reaches supply deals for electric vehicle motor magnets
* Why rare earths are a Five Eyes hot topic
* The race against China's 'rare earths weapon'
* Rare earth could be common in NZ

Here's what to know about this major discovery and what it means for Western consumers.

What are rare earth minerals and where are they found?

Rare earths are not actually that rare. They are a group of 17 chemical elements, composed of scandium, yttrium and lanthanides, according to the US Geological Survey.

But mining rare earth minerals is complex, as supply is not concentrated in one location. Mining them also affects the environment, since their ores can be laced with radioactive materials such as thorium and uranium. Refining the minerals can generate toxic and radioactive waste, which poses environmental and health risks if not properly disposed of.

China hosts the majority of the world's reserve of rare earth minerals and is the world's leading supplier. (The United States was the largest producer several decades ago.) While Brazil and Vietnam have significant reserves, they lag far behind in mining them.

Access to the minerals became an issue in the trade war with China during the administration of US President Donald Trump. Beijing threatened to cut off exports to the United States in 2019 to retaliate against Trump's measures, pushing prices up and prompting Trump to sign an executive order increasing domestic production. The Biden administration has also pushed for investments in that supply chain.

Other countries have also moved to reduce their reliance on China. Australia is spending millions to develop a rare earths mine and processing plant in its Northern Territory.

What are rare earth minerals used for?

Multiple household goods, including televisions, computers, smartphones and lighting use rare earth minerals. Yttrium and europium, for instance, light up iPhone displays and allow them to vibrate.

They are also key elements of US-made defence systems, including night-vision technology, jets and armoured-vehicle alloys.

Rare earth minerals are critical for the global clean energy transition, as they are components of the magnets used in electric vehicles and wind turbines - although recently some companies have developed motors for electric vehicles that do not require rare earths.

What does Sweden's discovery mean for the climate?

LKAB's find was welcomed in Europe, which has faced energy challenges amid the Russian invasion of Ukraine. The European Union also has a goal of becoming climate neutral by 2050.

In September, a senior EU official said Europe's climate ambitions were at risk without reliable supply chains. "Take China, with its quasi-monopoly on rare earths and permanent magnets and prices rising by 50-90% in the past year alone," wrote Thierry Breton, an EU commissioner. "Supply of raw materials has become a real geopolitical tool."

The European Raw Materials Alliance notes that while the European Union has a massive electric-motor manufacturing sector, "it is almost fully import dependent" when it comes to rare earth permanent magnets.

Swedish Deputy Prime Minister Ebba Busch said Thursday that Europe's independence from Russia and China would begin with this mine.

Political leadership in the continent, she said, "must give the industry the conditions to switch to green and fossil-free production."

The Washington Post

"LKAB discovered 1 million tonnes of rare earth metals in Lapland, which could be a significant building block for Europe's supply."

"A significant discovery of rare earth minerals has been made in Sweden, with over 1 million tons found in Lapland, which could impact the global market and trade security, although the discovery is not in Greenland as initially queried."

Title:

Content: Democracy Dies in Darkness

Sweden’s new rare-earth metal find likely big deal for Western consumers

Sweden has discovered what is billed as Europe’s biggest deposit of rare earth minerals — a crucial component for electronics and clean energy needs — giving a significant boost to the continent’s hunt for trade security.

LKAB, the Swedish state-owned mining company, announced Thursday that it found deposits of more than 1 million tons of rare earth metals in the country’s far northern Lapland province.

Products ranging from smartphones to electric vehicles and even military jets require these rare earth elements which are not currently mined in Europe, the company said. Much of the world’s supply comes from China, which has used them as a geopolitical tool.

LKAB President Jan Mostrom said in a statement that the find could be a “significant building block” for Europe, which faces a “supply problem.” But the company also said that it would take at least a decade before rare earth minerals from the find hit market.

Here’s what to know about this major discovery and what it means for Western consumers.

What are rare earth minerals and where are they found?

Rare earths are not actually that rare. They are a group of 17 chemical elements, composed of scandium, yttrium and lanthanides, according to the U.S. Geological Survey.

But mining rare earth minerals is complex, as supply is not concentrated in one location. Mining them also impacts the environment, since their ores can be laced with radioactive materials such as thorium and uranium. Refining the minerals can also generate toxic and radioactive waste, which poses environmental and health risks if not properly disposed of.

China hosts a majority of the world’s reserve of rare earth minerals and is the world’s leading supplier of the product. (The United States was the largest producer several decades ago.) While Brazil and Vietnam have significant reserves, they lag far behind in mining it.

China hints it will choke off U.S. ‘rare earths’ access. But it’s not that easy.

Access to the minerals became an issue during the Trump administration’s trade war with China. Beijing threatened to cut off exports to the United States in 2019 to retaliate against Trump’s measures, pushing prices up, prompting Trump to sign an executive order increasing domestic production. The Biden administration has also pushed for investments in that supply chain.

Other countries have also moved to reduce their reliance on China. Australia is spending millions to develop a rare earths mine and processing plant in its Northern Territory.

What are rare earth minerals used for?

Multiple household goods, including televisions, computers, smartphones, and lighting use rare earth minerals. Yttrium and europium, for instance, light up iPhone displays and allow them to vibrate.

They are also key elements of U.S.-made defense systems, including night vision technology, jets and armored vehicle alloys.

Rare earth minerals are critical for the global clean energy transition, as they are components of the magnets used in electric vehicles and wind turbines. Though recently, some companies have developed motors for electric vehicles that do not require rare earths.

What does Sweden’s discovery mean for the climate?

LKAB’s find was welcomed in Europe, which has faced energy challenges amid the Russian invasion of Ukraine. The European Union also has a goal of becoming climate neutral by 2050.

In September, a senior E.U. official said that Europe’s climate ambitions were at risk without reliable supply chains. “Take China, with its quasi-monopoly on rare earths and permanent magnets and prices rising by 50-90% in the past year alone,” wrote Thierry Breton, an E.U. commissioner. “Supply of raw materials has become a real geopolitical tool.”

The European Raw Material Alliance notes that while the European Union has a massive electric-motor manufacturing sector, “it is almost fully import dependent” when it came to rare earth permanent magnets.

Swedish Deputy Prime Minister Ebba Busch said Thursday that Europe’s independence from Russia and China will begin with this mine.

Political leadership in the continent, she said, “must give the industry the conditions to switch to green and fossil-free production.”

Sweden has discovered a significant deposit of rare earth minerals, estimated to be over 1 million tons, which could boost Europe's trade security and reduce dependence on China for these crucial components.

AEX Gold is a corporation involved in Greenland's mineral development, specifically through a new gold mining project.

Title:

Content: AEX Gold aims to invest in Greenland through its new gold mining project

Traditionally known for its fishing and hunting industries, Greenland is fast becoming the next significant area of exploration for mining businesses. The largest island in the world, Greenland remains one of the least populated areas worldwide with 56,000 citizens, and it has sought to attract local and foreign investment across a number of new projects.

The island’s current position remains complex. A sovereign government, it is positioned under the Danish kingdom who provide grants to support its local economy. To further its independence and bolster its economy to create increased tax revenue, Greenland has embraced the exploration of new mining projects as well as utilising all the renewable and local resources it has to offer.

Rich in rare-earth minerals, gold, iron-ore, uranium, in addition to hydro and wind power, Greenland’s favourable legal framework and robust infrastructure, particularly in South Greenland, have factored into AEX Gold’s vision to explore through its Greenlandic subsidiary, Nalunaq Gold Mine, situated in the Nanortalik Gold belt, Southern Greenland.

Acquiring an existing Exploitation Licence in 2015, the company is at the advanced exploration stage of its Nalunaq property, including the previously operating Nalunaq Gold Mine.   It also holds Exploration Licences at the early exploration stage Vagar and Tartoq properties.

Hosting a high-grade NI 43-101 compliant gold resource estimate of 263k oz (inferred) at 18.7 g/t and a number of regional exploration targets, AEX Gold has undertaken three years of exploration at Nalunaq, developing an updated geological model and an extension of the main vein strike length up to 1km.

“The government is very supportive, so it's about having a sound exploration strategy. We are very much focused on that, as we have an asset package that we think we can grow and create a lot of value,” explains Chief Executive Officer, Eldur Olafsson.

Originating from Iceland, Olafsson has gained extensive experience of the local geography. Focusing on mining projects in Greenland since 2012, he has analysed the country’s potential against the backdrop of environmental responsibilities and associated legalities with partner SRK Exploration Services. Through this process, the business has turned its attentions solely towards gold exploration.

“The known gold deposits in Greenland are in an area where the climate is mild and, given our experience, logistics are relatively easy. Gold opportunities are easier to finance than larger base metals projects and our perception was that we could fully fund projects like these through our support here in Iceland and in the UK market,” he explains.

“We started looking for opportunities in the South Greenland Gold Province and became aware of this historically producing mine. We were attracted by the extremely high-grade potential of the resource and the fact that the project had significant infrastructure in place.  We believed there were significant opportunities to materially improve the mining operation that had been run by previous operators.”

Extensive exploration

Throughout the exploration of high-grade resources, Olafsson is proud to remain hands on and is regularly seen on site. By undertaking various technical studies, AEX has gained the ability to comprehensively analyse similar types of assets with potential.  After acquiring the Nalunaq project in 2015 the company has continued to expand its portfolio. Whilst Nalunaq encompasses the required licence to explore and recommence production at the old gold mine, they own the larger Vagar exploration licence, situated a few kilometres to the west of the mine, where AEX believes the ground is prospective for the discovery of further Nalunaq-type deposits.  In addition, they also own the early stage Tartoq Project to the North West of Nalunaq. Each licence area is at a different stage of exploration which supports AEX’s aim of having a continuous pipeline of projects being brought into production.

“We have a total of 690sqkm of licences in south Greenland and we're the only active listed gold company in Greenland. Previous operators undertook very little forward-looking exploration once the mine was in production.  It's a very under-explored region so we intend to recommence production within the next two years at Nalunaq in order to support our exploration in the larger licences in the next 5-10 years,” he says.

“Iceland is a short distance from Greenland, so logistically it’s good for us. Additionally, in Iceland you need to be really self-sufficient, and the same can be said for those in Greenland. We don't have as many people or the multitude of services that you would have in other countries which encourages you to think creatively,” he adds.

Consequently, the company has sought to maximise efficiency whilst keeping costs down, yet all the time adding increased value across its operations.

By acquiring a high-grade deposit, less material is needed to be broken down, lowering AEX Gold’s carbon footprint. Everything taken out of the mine from underground will be processed and shipped out to a different processing facility, or processed on site adhering to the current environmental guidelines. Historically, electricity has been generated through the use of traditional fossil fuels, something which is steadily changing throughout Greenland.

“We're using oil to put in generators or to power mobile mining equipment which is high cost both in monetary and environmental terms.   Greenland currently has five hydroelectric power plants and they are looking at building more in south Greenland,” says Olafsson.

Seeing huge opportunities, he explains that the use of hydropower and wind power would complement AEX Gold’s operations, not only in its existing exploration activities, but with the implementation of an electric mining fleet with electricity being obtained from local renewable resources.

Providing local opportunities

In the future, it will be essential for Greenland to gain further revenue to unlock opportunities and services for its citizens. This is something Olafsson believes that AEX Gold can help with due to its knowledge of Iceland as it has many similarities to Greenland and has been through a period of comparable change.

“Greenland is in a similar position to Iceland not so long ago. Iceland didn't have a high education rate and wasn’t wealthy compared to other European countries, with economic and cultural activities that were very insular. We are now at the highest level of all parameters in terms of education, wealth per family, etc. and this has stemmed from improving the breadth of schooling and creating opportunities for people to grow and develop outside of the traditional areas of agriculture and fisheries.

“Our aim is that the majority of employees will be Greenlandic, but it will take time. Greenland has a large number of people competing for jobs in the fisheries and tourist centres. It is important that Greenlanders are able to access programmes that will allow them to consider other career options. In Iceland we are importing a lot of people to work in different industries in our country because we don't have enough people. This might be the case for Greenlanders as well if the anticipated growth of the Mining Sector materialises but we want to ensure that, where possible, we use local people first before looking elsewhere.

“The Greenlandic Government provides good support for those who seek education.  There are an increasing number of Greenlandic students attending Danish Universities so that now, for example, we are seeing well qualified Greenlandic geologists available for employment.  There has been a Mining School at Sisimiut for the last 10 years which provides local qualified labour who can take advantage of opportunities in the Mining sector.  You need skilled labour and as we own a mine that was in production for 10 years previously, there is a fair bit of local knowledge that we have been able to use during our exploration work and which we are keen to utilise going forward,” he says.

“We are creating revenue for local communities, creating highly skilled jobs, and are providing benefits where local communities can live better lives and grow as individuals. We need to create opportunities for young people.”

Additionally, by working with local businesses as well as those who have been operating in Greenland for some time, AEX has made a conscious effort to hire companies which can support its growth. AEX have therefore acquired a longstanding relationship with Cartwright Drilling, due to the company’s extensive experience in Greenland and subsequent knowledge of the island’s government systems, processes and practices.

Planning to mine high-grade resources using significant infrastructure already in place, AEX Gold holds extensive licences managed by an experienced team. Previous operations produced between 50,000 to 100,000 ounces a year at 15.4 grams/ton produced and this has provided a benchmark for the company, who will utilise this cash flow to explore the wider region in the long-term.

“We have a five-year plan where we want to get into production at Nalunaq and use the cash generated to fund exploration in the wider district.   We envisage investing a significant amount in exploration assets to provide a portfolio of different deposits that we can bring into production. We are creating a company that has a long-term mission in Greenland to build up local know how to support our aim of ramping up to very profitable production across a number of projects,” notes Olafsson.

“It will create a dramatic effect on the local community and hopefully be a springboard for unlocking much larger potential in Greenland. There are plenty of deposits that have been found, but you have to be able to develop them. You can only do that that with support and cooperation from the local people who believe in your vision.”

Share
Share
Author
Executives
Eldur Olafsson

AEX Gold is a corporation involved in Greenland's mineral development, with a focus on gold exploration in Southern Greenland.

AEX Gold is a corporation involved in Greenland's mineral development, with projects such as the Nalunaq project and other exploration licenses.

AEX Gold is a corporation involved in Greenland's mineral development, focusing on utilizing renewable energy sources for its operations.

AEX Gold is a corporation involved in Greenland's mineral development, with extensive licenses and a history of production in the region.

Tanbreez Mining has been granted permission to extract rare earth minerals in Greenland, with production slated to begin in 2024, and the mine is estimated to contain over half of the world's rare earth resources.

What company has obtained permission to extract Greenland's rare earths?

What does Greenland's Tanbreez mine contain?

Shenghe Resources Holding, a Chinese corporation, has expressed interest in Greenland's rare earth minerals through its subsidiary Greenland Minerals.

Title:

Content: Greenland ban on uranium mining prevents Chinese companies from expanding rare earths
November 13, 2021 17: 33
Eastern Network Television
More News Clips
As part of its Arctic strategy, China has supported the mining of rare earths in Greenland by Australia ’ s Greenland Minerals, a Chinese-owned subsidiary of Shenghe Resources, through the Belt and Road Initiative.
However, Greenland ’ s parliament passed a new law banning uranium mining and halting the development of rare earth deposits at Kuannersuit, the southern tip of Greenland.
China's rare earth mining accounts for more than 70% of the global mining volume, and China's rare earth magnetic processing volume accounts for 90% of the global processing volume.
Sungho Resources, one of the world ’ s largest producers of rare earth materials, acquired a 12.5% stake in Greenland Minerals in 2016, making it the largest shareholder in the latter.
Guanast in southern Greenland is home to the world ’ s second-largest reserves of rare earths and uranium after China, accounting for 10% of the world ’ s rare earth production.
Since former US President Donald Trump proposed the idea of buying Greenland in 2019, the rich rare earth resources of Guanaster in southern Greenland have attracted attention.
Greenland ’ s local parliament was elected early on April 6. In the end, the pro-environmental left-wing Inuit Ataqatigiit party won the election, and its leader, Mute Egede, became the new prime minister.
He declared that he would do everything in his power to stop the Guanast Rare Earth Mine project.
In response, Greenland ’ s parliament has passed a new bill aimed at banning exploration of uranium deposits, as well as other radioactive deposits such as thorium, and halting the development of rare earth deposits at the southern tip of Greenland.

What countries are invested in Greenland Minerals corp?

What is one of the global key REE manufacturers?

Which company has become the largest sharesholder in Greenland Minerals?

China and the United States are significant players in the Global Rare Earth Elements Market, with China dominating the market in terms of mining and processing volume.

The countries that are significant players in the Global Rare Earth Elements Market are the United States and China, with China being the world's leading supplier and hosting the majority of the world's reserve of rare earth minerals.

China and the United States are significant players in the Global Rare Earth Elements Market, with China having a quasi-monopoly on rare earths and permanent magnets.

China and the United States are significant players in the Global Rare Earth Elements Market, with China controlling a large majority of the production and trade of rare earth elements.

Title:

Content: Expert: Algeria is sleeping on a precious treasure
Money and Business
Copy Link https: / / en.rt.com / trfy
Economist Abdelkader Soleimani considered that Algeria sleeps on an "inexhaustible treasure" and a considerable wealth, where there are 38 classical minerals on its soil, along with a significant stockpile of rare metals.
He pointed out that these minerals or dust, although important, require exploitation.
He stressed the need to control the technology of extraction and refining because they are toxic materials and control the tracks of mining, any conversion from dust to alloys, with the need for a formative system, a general orientation and a clear economic vision.
Economist Abdelkader Soleimani said in a statement to Al-Khobar: "It is beautiful that Algeria has an important stock of rare earth or minerals, whether the reserve is in the range of 10 or 20 percent, because there are no studies and accurate surveys in the field, but the valuation of such minerals will require control of extraction and refining technology, as they are toxic materials as well as mining."
The expert pointed out that rare earth metals or rare earth elements as defined by the International Union of Pure and Applied Chemistry, are a group of 17 chemical elements in the periodic table, specifically scandium, etrium, and lanthanides, and rare earths have become an important material in green manufacturing, but the problem lies in the difficulty of extraction and processing, especially as they are very polluted to nature, which requires control of technology and qualified labor. and refining. ”
The expert pointed out that rare earth or rare earth has returned to the forefront, especially with the statement of French President Emmanuel Macron on the possibility of cooperation between Algeria and France in the development of these minerals or rare earth, adding that "the world is witnessing a huge technological revolution and means of communication such as phones, for example, when we take the iPhone, we find that it contains eight rare metals. The exploitation and development of the exploitation of these minerals, and the intensification of competition between China, America and Britain in particular, makes them important. ”
Soleimani noted in the same context, "The trade of rare earth represents about $1.5 billion, but its importance lies in its multiple and diverse uses, including military, technological and electric vehicles.
It is noted that minerals are present in most countries, but the refining and conversion process is especially present in China, because exploiting them requires heavy and modern equipment and very sophisticated technological means, the huge capacity of mining in China makes it control 85% of the production and trade of rare soil oxide and 90% of magnetic materials.
On the other hand, the economist stressed that President Abdelmadjid Tebboune has already stressed the value of natural resources, pointing out the importance of adopting accurate studies and surveys to determine the actual capacities, whether in terms of stocks or reserves, to ensure attracting investments in the field, with the adoption of a vision to ensure a surplus of value, with the establishment of factories for refining, conversion and mining. For example, the amount of iron converted is sold at about $500 per ton, for example, that is, ensure the production of wealth, employ labor, activate a handling network and achieve comprehensive and sustainable development, with the achievement of metal poles in mining production and conversion.
The expert stressed the need for training and qualification in the field of mining, while establishing partnerships with countries experienced in the field, whether for China, South Africa or others, and avoiding the export or sale of raw materials.
Source: News
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

China and the United States are key players in the global rare earth elements market, with China being the largest supplier and the US increasing domestic production.

"Greenland's attractive mining environment is due to its favourable legal framework, making it an appealing location for businesses to extract rare earth minerals."

Why AEX consider Greenland a favorable mining location?

Greenland's favourable legal framework and supportive government make it an attractive location for mining businesses, particularly for gold exploration.

Why AEX consider Greenland a favorable mining location?

"Brazilian Rare Earths Limited has shown interest in extracting rare earth minerals, as indicated by their recent announcements and exploration projects."

Title:

Content:
Brazilian Rare Earths Limited (ASX:BRE) Announces New Rare Earth Discovery - The Pele Project

(MENAFN- ABN Newswire)

Brazilian Rare Earths Limited (ASX:BRE) is pleased to report the first batch of re-assay results from the Rio Tinto exploration dataset and the receipt of new assays from BRE drilling across the Rocha da Rocha Rare Earth Province in Bahia, Brazil.
- Discovery of a new district-scale rare earth exploration project, named the 'Pele Project', located circa 60km southwest of Monte Alto
- The Pele Project is highly prospective for ultra-high grade REE-Nb-Sc mineralisation with a district-scale exploration target area that is +30 times larger than Monte Alto
- Pele discovered using the exploration pathfinders that successfully delineated the world-class ultra-high grade Monte Alto Project, including intense geophysical anomalies, confirmed hard rock REE outcrops and high-grade monazite sands at surface
- Initial ground reconnaissance at Pele Target 1 has discovered the largest continuous hard rock monazite outcrop found since exploration commenced at the province, and it currently extends over a strike of ~30m (open) within a larger 1km NNE potential outcrop trendline
- This large-scale monazite outcrop recorded gamma readings comparable to the ultra-high grade REENb-Sc mineralisation at Monte Alto, which returned exceptional grades of up to 5.9% (59,100ppm) NdPr, 3,229ppm DyTb , 1.5% niobium and 352ppm scandium
- High-grade monazite sand intercepts of up to 11.5% TREO from the first batch of re-assays from Rio Tinto drill holes across the Pele exploration target, with assays pending for 220 high-priority drill holes (2,700m) that cover Pele's intense geophysical anomalies
- Comprehensive gamma line surveys will be expedited over the highly prospective 15km exploration corridors on Pele Targets 1-4 in preparation for a maiden diamond drilling program
A new rare earth discovery, the Pele Project, has been made ~60km southwest of Monte Alto. This greenfield discovery is highly prospective for ultra-high grade REE-Nb-Sc mineralisation, with multiple exploration pathfinders indicating the scale of a world-class rare earth mineralised system.
Pele contains the most extensive area of intense geophysical anomalies within BRE's province-scale ~4,000km2 landholdings. Pele Target 1 is distinguished by the largest continuous hard rock monazite cumulate outcrop discovered since exploration commenced at the province, and it currently extends over a strike of ~30m (open) within a larger 1km NNE potential hard rock outcrop trendline.
The latest assay results from the wider regional exploration program and the initial results from the Rio Tinto re-assay program confirm the exceptional potential for new rare earth discoveries across BRE's landholdings.
These exploration landholdings were strategically acquired to secure control of the Volta do Rio Plutonic Suite mineralised trendline that stretches over 160km down the spine of the Rocha da Rocha Rare Earth Province (Figure 2*).
The Volta do Rio Plutonic Suite (VRPS) is hosted within the Archean age Jequie Complex and forms the prime exploration target zone for ultra-high grade REE-Nb-Sc mineralisation. The VRPS is distinguished by a bimodal formation of granitoids and REE-Nb-Sc rich leucogranites. The high-grade REE-Nb-Sc leucogranites are layered within the province scale VRPS from the separation progression of the parent magma.
Brazilian Rare Earths' CEO and MD, Bernardo da Veiga, commented:
"Less than two years after the discovery of the Monte Alto project we are pleased to announce our fourth greenfield rare earth project at this world-class rare earth province.
The Pele Project is district-scale rare earth project with an exploration target area that is over 30 times larger than the Monte Alto Project. The scale of the exploration opportunity is exceptional and the recent discovery of a massive monazite mineralised outcrop at Pele Target 1 indicates the potential for a major rare earth endowment.
With the proven Monte Alto exploration pathfinders already at hand at Pele, and the extensive assay results from the Rio Tinto dataset now imminent, we now intend to accelerate plans for a maiden diamond drilling program at Pele."
Monte Alto Project - Successful Exploration Pathfinders
The discovery of the world-class Monte Alto project was based on three key exploration pathfinders:
- Geophysical anomaly: BRE's proprietary airborne radiometric survey defined an intense geophysical anomaly over Monte Alto
- Monazite sands: Auger drilling at Monte Alto intersected high grade (+1% TREO) monazite sands near surface. These monazite sands represent a highly weathered 'outcrop' of REE-Nb-Sc mineralisation and a significant indicator for potential ultra-high grade REE-Nb-Sc mineralisation at depth
- Hard rock REE-Nb-Sc outcrops: The discovery of REE-Nb-Sc boulders and outcrops supported the exploration model for ultra-high grade REE-Nb-Sc mineralisation at depth
BRE completed a comprehensive gamma line survey at Monte Alto to map a high-grade monazite sand corridor which then underpinned the design of the maiden diamond drilling program. This maiden diamond drilling program successfully discovered ultra-high grade REE-Nb-Sc mineralisation at Monte Alto.
Pele Project Discovery - Confirmed Exploration Pathfinders
The Pele Project has been discovered using the same exploration pathfinders that were successfully proven at the ultra-high grade Monte Alto Project.
- Geophysical anomaly: Airborne radiometric survey data across the Pele Project area defines a cumulative 15km chain of intense geophysical anomalies for targeted exploration
- Monazite sands: The first batch of re-assays from Rio Tinto auger drilling returned high grades of up to 11.5% TREO. As with Monte Alto, the exploration model is that these monazite sands represent highly weathered 'outcrops' of REE-Nb-Sc mineralisation
- Hard rock outcrops: Initial field reconnaissance at Pele discovered extensive monazite cumulate outcrops with comparable gamma readings to the ultra-high grade mineralisation at Monte Alto
Pele Geophysical Anomaly
Analysis of the airborne radiometric data over the Pele Project identified an extensive chain of intense anomalies recurring on the eastern and western limbs of the regional Tres Bracos syncline. These anomalies across Pele Targets 1-4 have a cumulative strike of ~15km and define a highly prospective exploration target area that is over 30 times larger than the Monte Alto project (Figure 4*).
Pele Ground Reconnaissance - Large-scale Monazite Outcrop Discovery
The BRE exploration team recently conducted initial ground reconnaissance exploration over the southern zone of the Pele Project area (Pele Target 1). A gamma spectrometry survey quickly discovered the largest continuous hard rock monazite outcrop found since exploration commenced at the province, which currently extends over a strike of ~30m (open) within a larger 1km NNE potential outcrop trendline (Figure 4 and 5*).
BRE geophysicists used a RS-230 Portable Gamma Spectrometer positioned over the outcrops to measure a Count of gamma particles Per Second (CPS). There is an established strong correlation between high CPS readings and the high grade REE-Nb-Sc mineralisation at the Monte Alto project.
Gamma spectrometry has thus proven to be an effective method to identify primary high-grade REE-Nb-Sc mineralisation throughout the entire province. This ground based geophysical survey method led to the discovery of REE-Nb-Sc mineralisation at the Monte Alto, Velhinhas and Sulista projects.
High CPS values were recorded at multiple outcrops along an extensive 1km trendline at Pele Target 1, located at the south-western extent of the Pele Project exploration area (Figure 4*). Ground based surveys recorded CPS values ranging from 12,000 to the maximum detectible level of 65,500 at sites R589 and R590 (see Figure 6*).
These gamma survey sites define a large-scale monazite cumulate outcrop that currently strikes ~30m and is open (Figure 7*), within a larger 1km NNE potential hard rock outcrop trendline. The recorded CPS values are comparable to those measured for the ultra-high grade REE-Nb-Sc mineralisation at Monte Alto and represent an intensity of ~20 to 50 times the background CPS values for the region.
Rio Tinto Re-Assay Program
The highest priority Rio Tinto auger drill samples that cover the VRPS and key geophysical anomalies have now been dispatched for re-assay. Exploration assay results for over 11,000m of these high-priority drill holes are expected in the coming months.
The first batch of the rare earth re-assays that cover the Pele target confirmed shallow mineralisation with grades of +1% TREO, and monazite sands have been visually confirmed in the drill hole samples. Significant assays from the surface saprolite include:
- 19m at 4.2% TREO from 0.5m, with 20.8% of NdPr and 1.2% of DyTb (AMBX3124)
- 14m at 0.5% TREO from surface, with 19.4% of NdPr and 0.9% of DyTb (AMBX3141)
- Including 3.5m at 10.7% TREO from 3.5m, with 19.2% of NdPr and 0.9% of DyTb, and
- 1m at 10.4% TREO from 13m, with 20.8% of NdPr and 1.1% of DyTb (AMBX3141 - open at depth)
- 2m at 1.1% TREO from 9m, with 19.5% of NdPr and 0.6% of DyTb (AMBX1492)
The first batch of re-assays included results from 152 Rio Tinto drill holes at the Pele target with an average depth of 14m. These holes targeted the upper laterite layer and, as such, the REE enriched saprolite horizons below this depth remain largely untested. The highest-grade rare earth assay value of 0.5m at 11.5% TREO was intersected at the end of hole MBX3141 at 13, with the mineralisation open at depth. BRE will deploy auger and sonic drilling to extend the exploration into the REE enriched saprolite horizons.
As illustrated in Figure 8* below, the Pele exploration target area is extensively covered by shallow Rio Tinto auger drilling and there are 220 pending re-assay results (~2,700m) that are expected to be received in the coming months.
Surface Drilling at Monte Alto and Velhinhas Projects
In addition to the Phase II diamond drilling campaign underway at the Monte Alto project, an auger drilling program has advanced across the project area to extend the monazite sand resource estimate of 25.2 Mt at 1.0% TREO.
Auger drilling across the Monte Alto exploration project area continues to discover shallow high-grade rare earth mineralisation. Significant new rare earth assays include:
- 21 at 1.9% TREO from surface, with 13.3% of NdPr and 0.7% of DyTb (STU0957)
- Including 1.9m at 10.4% TREO from 20m, with 14.4% of NdPr and 0.8% of DyTb (STU0957 - open at depth)
- 19m at 4.8% TREO from surface with 14.9% of NdPr and 0.8% of DyTb (STU0969 - open at depth)
- Including 7.5m at 10.5% TREO from 0.5m, with 14.5% of NdPr and 0.8% of DyTb (STU0969)
- 15m at 2.6% TREO from 9m, with 18.1% of NdPr and 0.9% of DyTb (STU0551)
Significant new assays from the shallow auger drilling exploration program at the Velhinhas project include:
- 13 at 0.9% TREO from surface, with 17.8% of NdPr and 0.9% of DyTb (STU0596 - open at depth)
- Including 4m at 2.8% TREO from 4m, with 18.0% of NdPr and 0.9% of DyTb (SSU0097)
- 19m at 1.3% TREO from surface, with 17.1% of NdPr and 0.7% of DyTb (STU0867)
- Including 5m at 4.6% TREO from 4m, with 17.3% of NdPr and 0.6% of DyTb (STU0867)
Next Steps
The highest priority Rio Tinto auger drill samples that cover the VRPS and key geophysical anomalies have now been dispatched for re-assay. Exploration assay results for over 11,000m from these high-priority drill holes are expected in the coming months.
At Pele Target 1, detailed ground reconnaissance and gamma line surveys will be expedited over the potential 1km monazite cumulate outcrop trendline. Once the extensive outcrops and surface rock formations are systematically mapped, this highly prospective exploration trendline will be drill ready for step-back holes to explore the full extent of the mineralised system at depth.
Comprehensive gamma line surveys will be conducted over the highly prospective ~15km exploration corridors at Pele Targets 2, 3 and 4 to assist with the design of targeted diamond drilling exploration programs.
The Phase II extension and infill diamond drilling campaign at the Monte Alto project remains on schedule and is expected to be completed by mid-year.
At the Sulista Project, the diamond drillhole to twin the historical high-grade REE-Nb-Sc intercept has been completed and dispatched with the historical core samples for laboratory assays. Mineralized intercepts +1% TREO from within the historical database of ~5,000m of auger drill holes have also been sent for laboratory reassay with results expected early in the second quarter. Ground based reconnaissance and gamma line surveys are now underway across the Sulista exploration project area to map the full extent of surface rare earth mineralisation.
*To view tables and figures, please visit:
-p src="http://www.abnnewswire.net/images/buts/linkedin-social.png" border="0">

Bernardo da Veiga MD and CEO Brazilian Rare Earths ...

MENAFN24032024000111011020ID1108016378

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Naja Nathanielsen, the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, signed the memorandum of understanding on behalf of Greenland.