A bird’s eye view of Greenland Minerals’ ongoing public consultation phase

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A bird’s eye view of Greenland Minerals’ ongoing public consultation phase

 A bird’s eye view of Greenland Minerals’ ongoing public consultation phase
Image source: Company’s annual report, Mar 2021

Summary

  • Greenland Minerals Limited (ASX:GGG) is currently developing the Kvanefjeld rare earth project in Greenland.
  • Statutory public consultation for Kvanefjeld is ongoing and is critical for the issuance of an exploitation permit.
  • Public meetings will run through September 2021, and key government Ministers of the new coalition Government will partake in the same.

Rare earth explorer and developer Greenland Minerals Limited (ASX:GGG) continues to push ahead with developing its flagship rare earth project at Kvanefjeld in South Greenland, even amidst the COVID-19 pandemic.

Kvanefjeld is amongst the most advanced and significant emerging rare earth projects internationally. It is unique given the favourable metallurgy and forecast production profile across commercially critical rare earths.

GOOD READ: Q121 report ups Greenland Minerals’ hopes for Kvanefjeld rare earth project

Greenland Minerals achieved substantial progress last year. Few examples of these are the strengthening of its leadership team, the completion of the environmental impact assessment (EIA) and its acceptance by the Greenland government.

Currently, the crucial statutory public consultation is progressing well. It is a statutory process for mining projects across Greenland. It is completed in a minimum of eight weeks.

Status of statutory public consultation

In December 2020, the Greenland Government approved the commencement of Kvanefjeld’s statutory public hearing of the EIA and the SIA. This was done post acceptance of the exploitation license application, which met Greenland’s Guidelines for public consultation.

The consultation period was recently extended to 13 September 2021. Notably, the newly formed coalition Government has stated that the extension would allow further public meetings with political representation.

READ MORE HERE: Significant update on Kvanefjeld public consultation sends Greenland Minerals’ stock soaring

The first round of public meetings was held in south Greenland in February 2021. The next series of public meetings will be held in Nanortalik, Narsarsuaq, Qaqortoq, Igaliku, Narsaq and Qassiarsuk in southern Greenland. They will have political, administrative and Company representation.

ALSO READ: Greenland Minerals keen to connect with new Greenland Government over Kvanefjeld project

Significance of statutory public consultation

Initiation of public consultation is an important milestone in the Greenlandic Government's formal decision-making process. It paves the way for the issuance of an exploitation license for the Kvanefjeld Project.

Location of Kvanefjeld Project, Source: Company website

During the public consultation period, public meetings are conducted in major towns. These are attended by Government representatives, officials from the Ministries of Mineral Resources and Environment, independent scientific experts, and representatives from Greenland Minerals.  

The meetings signify a substantial part of the stakeholder engagement process to describe and talk about the outcomes of the social and environmental impact assessments.

Managing Director Dr John Mair regards the phase to be a landmark moment for the Company and a key step towards the development of the Kvanefjeld Project.

INTERESTING READ: Greenland Minerals’ Kvanefjeld Project beats COVID-19 blues to march ahead

Way forward

At the end of the hearing period, all hearing comments will be addressed by Greenland Minerals A/S (a 100 % subsidiary of the Company and the holder of the Kvanefjeld licence) in a White Paper.

The government has also confirmed the completion of subsequent casework on the processing of the Kvanefjeld exploitation license application. This involves the preparation of a White Paper based on consultation responses.

Subsequently, final EIA and SIA reports incorporating outcomes of the public hearing are submitted to the Mineral Resources Authority. Then, the Greenlandic Government will formally process the application for an exploitation permit for the Kvanefjeld Project.

DON’T MISS: Will Greenland Minerals’ Kvanefjeld change the global rare earth supply landscape?

At a time when rare earth demand is set to undergo a major increase, driven by strong demand for rare earth magnets utilised in electric vehicles, wind turbines and energy-efficient technologies, Kvanefjeld seems to have a lot to offer!

GGG quoted A$0.097 on 24 June 2021.

GOOD READ: Greenland Minerals stock is up over 20%, but why?

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