Lead and zinc in Northwest Greenland
An exploitation permit for the Black Angel mine at Maarmorilik near the city of Uummannaq in Northwest Greenland is currently held by FBC Mining (BA) Ltd. The deposit was further investigated in 2014 by gravimetric surveys and drilling. Drilling on new targets will continue in 2015. The old Black Angel Mine will only be revitalized if new ore is found.
Olivine in Fiskefjorden near the city of Maniitsoq
The Seqi Olivine Mine closed in 2010. The license will be given back to the Government in 2015. The size of the olivine deposit is almost 150 million tons consisting of very pure forsterite (magnesium olivine). The harbor, which was built during the construction of the mine, is left at the site.
Gold Production in Greenland, Nalunaq Gold Mine
In September 2009 the Greenland Government granted Angel Mining (Gold) A/S a permit to reopen the gold mine in Kirkespirdalen in Kujalleq Municipality in South Greenland. The former licensee operating the goldmine under the name Nalunaq Gold Mine A/S produced gold in the mine for more than 4 years from 2004-2008. The mine is located approx. 11 km from the coast, and until 2007 the gold ore was shipped to the reprocessing plant at Rio Narcea in Spain. From 2007 the ore was reprocessed at Nugget Pond in Newfoundland, Canada.
The gold deposit in Nalunaq is found in connection with quartz veins of an average thickness of 0.7 metres. The gold is found as small grains the size of which varies from microscopic to a diameter of a few millimetres. The mine closed in October 2013 and the license will be surrendered in 2015. In the last period of the mine life the gold was processed in Greenland by producing gold doré.
The total production of gold of the Nalunaq mining life was 10.66 t of gold (342,841 oz gold).
In 2008, International Molybdenum Ltd./Quadra Mining applied for an exploitation license for the molybdenum deposit at Malmbjerg in East Greenland. The company has in the meantime been bought by KGHM International. The mine is still not in operation due to the low prices of molybdenum. The KGHM intend to keep the license in anticipation of improved future market conditions. The company is negotiating with the Government of Greenland about the conditions to keep the license.
Coloured corundum (ruby and pink sapphire)
The Aappaluttoq site Rubies and pink sapphires were first identified in Greenland in 1966. True North Gems (TNG), a Canadian company, has been actively exploring the area since 2004. To date TNG has invested DKK 87.5 million (about 16.5 million Canadian dollars) in ruby exploration and now TNG plans to develop a mine at Aappaluttoq to extract the ruby and pink sapphires for sale around the world. TNG was granted the mining permit in March 2014.
TNG is committed to open and fair business practices and payment of full and fair taxes to Greenlandic authorities. Information on rubies and ruby mining, including an explanation of the colours and sizes of ruby and pink sapphire that have been located at Aappaluttoq and the process of creating polished gemstones from the rough material found can be obtained from www.truenorthgems.com.
Eudialyte (Zr, REE), Kringlerne/Killavaat Alannguat
The TANBREEZ Project is owned by a Greenlandic company called TANBREEZ Mining Greenland A/S. This company was established in 2010 by its parent Australian based company Rimbal Pty Ltd. In 2001 Rimbal Pty Ltd obtained the licence to explore the Project area and they have carried out a number of investigations in the license area.
The current inferred resource for the TANBREEZ Project is more than 4.3 billion tonnes of eudialyte bearing ore, which contains variable amounts of extractable rare earth elements. This is probably the largest REE deposit in the world. The mining resource for the first 10 years is compliant with the "indicated" JORC standard @ 1.8 % zirconium oxide, 0.2 % niobium oxide, 0.5 % light rare earth elements, and 0.15 % heavy rare earth elements.
An application for a mining permit is under negotiation at present.
In 2006, the British company London Mining Plc. took over the exploration licence from Canadian Hammersmyth Management Ltd at Isua. The area is located 150 km northeast of Nuuk and has a large banded iron deposit. The deposit branches under the ice cap and is estimated to be at least 961 million tons of ore at a grade of 34 % iron. The area has been explored by different companies since the 1960s.
London Mining Greenland A/S is the licensee under a licence to exploit iron ore at Isukasia in Western Greenland and its parent company is London Mining Greenland (1) (Jersey) Limited. At 21 December 2014, the Government of Greenland approved the indirect transfer of the Greenlandic company London Mining Greenland A/S to General Nice Development Limited, who now holds all shares in the former.
The new company behind London Mining Greenland A/S, General Nice Development Limited, is Hong Kong-based with the main operational centre in Tianjin City in mainland China. It was incorporated in Hong Kong in 1992. General Nice Development is the parent company of a conglomerate and has three primary business areas: operation and development of mineral deposits and exploitation of minerals, commodities trading and one-stop trading services and commercial development of property.
It was announced in connection with the transfer of the licence that London Mining Greenland A/S will keep its name and headquarters in Nuuk and that the current staff of the company will stay on.