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How the public consultation process of Greenland Minerals’ Kvanefjeld Project faring?

Source: GGG’s website

Summary

  • Being developed by Greenland Minerals Limited (ASX:GGG), Kvanefjeld is a world-class mine development opportunity for Greenland, poised to become a globally significant producer of rare earth materials.
  • The public consultation process is an integral part of the Greenlandic Government's formal decision-making process regarding the issuance of an exploitation license for the Kvanefjeld Rare Earth Project.
  • The process was initiated by the Greenland Government on 18 December 2020 and will go on until 1 June 2021.

Exploration and development company Greenland Minerals Limited (ASX:GGG) is well progressing its flagship project, the Kvanefjeld Rare Earth Project. With its unique and highly advantageous strengths, the Project has the potential to be a long-life, low-cost, and large-scale producer of rare earth elements.

Greenland Minerals aims to address the important global agenda of reducing carbon emissions through the electrification of transport systems, and renewable energy.

DO READ: Greenland Minerals (ASX:GGG) finished 2020 in a strong position

Let us walk through one of the most important phases in Kvanefjeld’s development- the statutory public hearing/public consultation process, which remains underway.

Public consultation status

In December 2020, the Greenland Government advised the Company that key application documents for an exploitation (mining) license for Kvanefjeld had met the Greenland Guidelines for public consultation. Consequently, the consultation phase commenced on 18 December 2020, initially for a 12-week period.

In February 2021, the process was extended until 1 June 2021, resulting in a 23-week consultation period. Greenland Minerals believes that this will provide sufficient time and opportunity for Project details to be communicated and discussed amongst the cross section of stakeholders. Besides, COVID-19-induced logistical constraints also propelled the extension.

RELATED READ: Greenland Minerals (ASX:GGG) progresses Kvanefjeld’s public consultation process

What is happening in the public consultation process?

During the period in discussion, public meetings will be organised across villages and towns in South Greenland.

A series of official public meetings were held in three major towns (Narsarsuaq, Qaqortoq, and Narsaq) in southern Greenland between 5 February and 9 February 2021. They were managed by the Greenland government's administration.

Attendees included-

  • Representatives (reps) of the Ministry for Mineral Resources, the Environmental Agency for Mineral Resource Activities.
  • Company reps.
  • A sole rep from the Danish Centre for Environment.

In the meetings, discussions revolved around understanding the outcomes of the environmental and social impact assessments (EIA, SIA).

Notably, all the issues raised so far have been thoroughly addressed in the impact assessments.

ALSO READ: Greenland Minerals (ASX:GGG) supports Kvanefjeld Project’s public consultation period extension

Importance of the public consultation process

Managing Director Dr John Mair says that the formal acceptance of the commencement of the public hearing phase is a “landmark moment” for the Company. It is a key step toward the development of the Kvanefjeld Project.

Way forward

Greenland Minerals continues to engage the government as well as community stakeholders in Greenland.

Progressing the public consultation process in the coming weeks, Company representatives are planning for further meetings to continue the engagement process.

Greenland Minerals’ core areas of focus in 2021 are-

  • Project permitting.
  • Technical work programmes to convert all aspects of Kvanefjeld to DFS level.
  • Commercial engagement with a strong focus on European industry.
  • Pilot plants operations may form parametres for (detailed) engineering design work.

ALSO READ: Here’s what may lead to Greenland Minerals’ (ASX:GGG) progress in 2021


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