MINING the natural resources that are locked up in these unexplored areas . This will be of real benefit to all the stakeholders of course , but most particularly to the people and communities of Greenland ,” he said .
Vice President Jenny Yang explained the state of play following the acquisition : “ We are working on an optimisation plan for the Isua project , and a thorough review its economic value . Meanwhile we are reviewing the potential of other projects in the Nordic region generally , Greenland included . We will consider joint ventures as well as acquisitions as a way to build a portfolio , and have already entered discussions with investors and EPC contracting firms that specialise in mine construction from a number of countries including China , Canada and Denmark . In addition , we are working closely with the Danish and Greenlandic governments and a number of banks .”
The Ministry of Mineral Resources is bullish about the involvement of General Nice Development . The work related to the project can now continue , it has said , though before construction and operation of a mine can begin , a number of licensing issues need to be addressed . Details of the exploitation and closure plans as well as technical approvals are currently being finalised and London Mining Greenland AS , the government and the municipalities Qeqqata Kommunia and Kommuneqarfik Sermersooq are negotiating an Impact Benefit Agreement ( IBA ), to be concluded before any new development in Greenland can go ahead . These procedures are all expected to be finalised soon , the Ministry says .
Company Information
INDUSTRY
Exploration
HEADQUARTERS
Hong Kong , China
FOUNDED
1992
EMPLOYEES
12,000 ( group figure for General Nice Resources ( GNR ))
REVENUE
$ 10 billion ( GNR group )
PRODUCTS / SERVICES
Mining , minerals
www . generalnice . com . hk 105