MINISTRY OF MINERAL RESOURCES , GREENLAND
ISUKASIA
The Isukasia iron ore project is located at Isua approximately 90 miles to the north-east of Nuuk . In 2013 UKbased London Mining was granted a 30-year licence to build and run a giant iron ore mine . At the time the company said the mine was expected to yield 15 million tonnes a year of “ very high quality iron ore concentrate to the global steel industry .” In January the Greenland government approved the sale of London Mining Greenland , the owner of the Isukasia project , to General Nice Development , a Hong Kong-based company with its main operational centre in Tianjin City , China . comprehensive scheduled and charter capability , are geared up to support them
Last year ’ s elections in Greenland resulted in the re-election of the left-of-centre Siumut Party which went on to form a coalition government under with the Demokraatit and Atassut Parties . The new Prime Minister Kim Kielsen was quick to emphasise the government ’ s commitment to resource extraction and creation of a stable investment environment in Greenland : “ The coalition will ensure a more stable and continuous mining policy to attract foreign investors ,” he promised .
The Prime Minister also pledged not to return to the policy of ‘ zero tolerance ’ of mining radioactive elements , which was abandoned in October 2013 . That was a landmark decision , placing Greenland on the path to becoming a uranium producer like Canada and , and thereby opens up coincident resources of rare earths and other elements to exploitation .
The zero tolerance policy was associated with the stance taken by Denmark on nuclear power generation before Greenland attained self-government status in 2009 . Denmark still doesn ’ t want to contemplate nuclear power , and Greenland has not had to because it has abundant potential for hydro-electric generation . However thinking has shifted over the last couple of decades , said Henrik Stendal who has headed up the MMR ’ s Geology Department for the last seven years and now assists the new Ministry of Mineral Resources ( MMR ) led by Minister Andreas
88 May 2015