- The Government of Greenland extended the public consultation period for the Kvanefjeld Rare Earth Project after consulting Greenland Minerals Limited (ASX:GGG).
- This will result in a 23-week consultation period instead of the initially defined 12 weeks.
- The extension may facilitate community and government stakeholders to communicate and discuss the Project effectively.
Greenland Minerals Limited (ASX:GGG) is developing one of the most significant and advanced emerging rare earth projects globally- Kvanefjeld Rare Earth Project. The Project is evolving well and is on the verge of the issuance of an exploitation permit.
The Company advised that the Government of Greenland has elected to extend the period for the public consultation hearings of the Kvanefjeld Project until 1 June 2021. The process commenced on 18 December 2020 for an initial period of 12 weeks. The extension will now result in a 23-week consultation period.
During the consultation period, Greenlandic, Danish, and English versions of the Project’s Environmental Impact Assessment (EIA) and the Social Impact Assessment (SIA) will be made available on the Greenland Government’s public hearing portal.
Why did the Government extend the public consultation period?
The COVID-19 pandemic continues to create interruptions with restrictions still in place. Consequently, logistical challenges still prevail. The public consultation process involves travelling, holding public meetings and information forums that need to be vigilantly handled amid the pandemic.
Besides, the Greenland Government has declared that Greenland will be closed for entry for an entire month- from 1 February 2021 until 28 February 2021. This imposes additional limitations for independent experts and specialist advisors to enter Greenland and partake in the consultation process.
The Government has also highlighted that the municipal elections will be conducted in April 2021, as scheduled. Consequently, it is imperative that the newly elected local municipal council involves itself in the consultation process.
How will the extension help Greenland Minerals?
Three key reasons validate the decision of extension to Kvanefjeld public consultation period-
- It is essential that the cross-section of stakeholders is provided with sufficient time and opportunity to communicate and discuss the details of the Project.
- The newly elected local municipal council (which will be formed in the upcoming municipal elections in April 2021) will participate in the consultation process upon extension. This will ensure that the ones living with the mining Project will be exposed to the process.
- Greenland Minerals will now have more time to address queries/ concerns that arise and discuss the Project’s significant opportunities and benefits.
Overview of Kvanefjeld’s public consultation
The Greenland Government approved the commencement of the statutory public hearing in December 2020. The decision followed a thorough review-revision process wherein all aspects of the Project were assessed, meeting international standards of best practice.
The process approval marked an important milestone in the Greenlandic Government's official decision-making procedure regarding the issuance of an exploitation permit for the Kvanefjeld deposit.
Substantial and technical information associated with the Project is publicly available through the Naalakkersuisut (Government of Greenland) official website.
Besides, planned community meetings will take place in southern Greenland in the coming days. These will be attended by Greenland’s administration members and advisors along with representatives of the Company.
Greenland Minerals further informed that additional meetings are currently being planned, to be attended by politicians.
At the end of the hearing period, Greenland Minerals A/S will address hearing comments in a White Paper. Upon consultation with the authorities, final EIA, and SIA reports (containing outcomes of the public hearing) will be submitted to the Mineral Resources Authority.
The Greenlandic Government is likely to eventually process the application formally for an exploitation permit for the Kvanefjeld Project.
On 5 February 2021, GGG quoted $ 0.25 on ASX (2:30 PM AEDT).