https://www.miningweekly.com
Exploration|Motors|PROJECT|Projects|Resources|supply-chain|Turbines|Turbines
Exploration|Motors|PROJECT|Projects|Resources|supply-chain|Turbines|Turbines
exploration|motors|project|projects|resources|supply chain|turbines-company|turbines-person

Hudson’s Greenland REE project unaffected by uranium ban

16th November 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canadian developer Hudson Resources said on Monday that new anti-uranium legislation in Greenland would not impact on its rare earth element (REE) project, which contained only low levels of uranium.

The new legislation, passed on November 8, bans the development of mineral projects with a uranium content greater than 100 parts per million (ppm). The ban does not apply to prospecting, exploration and exploitation directed at non-uranium resources if the average uranium content is less than 100 ppm.

The passing of the legislation has left Australia-listed Greenland Minerals’ Kvanefjeld REE project in limbo, as it contains levels of uranium that exceed the threshold.

Hudson said its advanced ST1 Sarfartoq REE project contained low levels of uranium (10 ppm) and high levels of REEs neodymium oxide and praseodymium oxide, which were key elements needed for permanent magnets used in wind turbines and the motors in electric and hybrid vehicles.

“We are very excited about the future of the Sarfartoq REE project and the ability to be part of the critical metal supply chain into Europe and the Americas,” said Hudson president Jim Cambon.

A preliminary economic assessment for the Sarfartoq project, completed in 2011, highlighted a 31.2% internal rate of return; a 2.7-year payback on $343-million initial capital; $616-million pretax net present value, at a 10% discount rate; and a 21-year mine life.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024
Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.18 0.215s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: