MINING
General Nice headquarters at Tianjin
The Isua deposit , as it is known , is wellplaced for exploitation . Just 150 kilometres north west of the capital Nuuk , it is a similar distance from international airport at Kangerlussuaq , and lies 110 kilometres from the coast where the construction of a deepwater port is proposed which will pipe the ore as slurry . The deposit holds a banded iron formation ( BIF ) measuring between 180 metres and 440 metres in thickness and extends over a strike length of more than two kilometres . It is open at both sides and outcrops at the centre of deposit . Towards the north and south of the deposit , the BIF is overlain by a sheet of ice that ranges in thickness up to 130m , however the ore can be extracted using open pit methods .
“ We are reviewing the potential of other projects in the Nordic region generally , Greenland included ”
– Jenny Yang , Vice President of General Nice Development
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