Resumen de Mines and Money 2015: : Greenland open for mining business
"Despite having similar geology to Scandinavia, where there are over 90 operational mines, there are no active mines in Greenland," Julie Hollis, head of the geology department at Greenland's Ministry of Mineral Resources, told potential investors.
In rare earths, Tanbreez Mining Greenland AS is developing a deposit with an inferred resource of 4.7bn tonnes at average grades of around 1.8% zirconium oxide, 0.2% niobium oxide, 0.5% light rare earths, 0.15% heavy rare earths and 0.01% tantalum oxide.
Other prospective industrial minerals sites in Greenland include a barite deposit, which Henrik Stendal, chief geologist at the Greenland Ministry of Mineral Resources, told IM was at one point being explored with a view to providing drilling grade material for North Sea oil wells, but ultimately lost out to competition in Scotland.
