Greenland Minerals dealt setback in legal fight for rare earth project licence
Australia's Greenland Minerals said on Monday an arbitration tribunal had declined its request for interim orders against the Greenland government's draft decision to reject the miner a licence for the Kvanefjeld rare-earths project.
The company had, in July, lodged an objection against the draft decision as it relied on a rule – which bans mining of ore bodies with uranium content of 100 parts per million (ppm) or greater – that is being contested separately in the court.
The tribunal ruled the interim orders requested would no longer serve their purpose of maintaining the status quo as the Greenland government had already rejected the miner's licence application, Greenland Minerals said in a statement.
In March, the miner took the governments of Greenland and Denmark to court for the legislation passed last year that banned uranium mining, risking the development of the Kvanefjeld project.
More than 1 billion tonnes of mineral resources have been identified in the Kvanefjeld project area, with ore estimates of 108 million tonnes. It also contains radioactive uranium, which some locals are concerned would harm the environment.
Greenland Minerals said the tribunal made no findings on any other aspects of its case against the governments of Greenland and Denmark but that it "will continue to seek appropriate remedies in the arbitration."
The company expects the government to soon issue a final decision rejecting its licence application, it added.
Greenland Minerals' shares fell about 9.5%.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
