Business Chief Europe Magazine May 2015 | Page 87

MINING
Bjoerneoen
should they be put off by preconceptions about Greenland ’ s accessibility and infrastructure .
With a total business volume of DKK 2.74 billion , The BANK of Greenland is only a small financial institution internationally . In Greenland , however , it is the largest bank and the only physically available full service bank . With more than 45 years of close cooperation with Greenlandic industries and public institutions it ’ s the leading partner for the Greenland mineral resources industry . And when it comes to accessibility and logistics they will find Royal Arctic Line , which uniquely has a market share of 100 percent within the core service of freight to , from and within Greenland , and Air Greenland with its

CITRONEN FJORD

The Citronen Zinc-Lead Project in northern Greenland represents one of the world ’ s largest undeveloped zinc-lead resources with a resource in excess of 13 billion pounds of contained zinc and lead metal . Australian company Ironbark could begin construction in 2016 with first production two years later . However Citronen Fjord is at the northernmost tip of Greenland and deep within the Arctic Circle so shipping access will be seasonal .
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