Greenland Anorthosite Mining, a Greenlandic mineral exploration company, has been granted a 30-year exploitation licence by the Government of Greenland for anorthosite mining at Piiaaffik Itersarmiut Allit, north-east of Qeqertarsuatsiaat in west Greenland.
This development follows a series of investments in the project, including in the mineral resource estimate and several metallurgical studies to plan and verify the resource processing.
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The mining initiative has included extensive logistical planning and research to develop economic studies and impact assessments focusing on social and environmental factors.
The development is backed by the collaboration between Greenlanders, the Greenland Anorthosite Mining team and investors from French investment firm the Jean Boulle Group.
The investors include state investment funds from Greenland and Denmark, the Greenlandic Pension Fund SISA and the Danish SIFI (systemically important financial institution) bank Arbejdernes Landsbank.
Greenland Anorthosite Mining chairman Wayne Malouf said: “I am pleased the Ministry of Mineral Resources shares our vision of the economic and social potential that this project presents. We are proud to pave the way for responsible natural resource development in Greenland after a sustained investment in patient and diligent activities during the preceding 20 years.
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By GlobalData“The project will generate significant benefits for the local community and support the region’s economic and social development for many years by facilitating the responsible supply of raw materials to serve global customers.”
Anorthosite is a grey-white rock composed mainly of aluminium, silicium and calcium. Greenland Anorthosite Mining’s anorthosite resource was discovered by the Jean Boulle Group’s exploration team in Fiskenæsset on Greenland’s west coast.
Analysis by technical mining consultancy SRK and analytics company ALS has confirmed that the material from the company’s deposit is of exceptionally high quality, with notably low alkali content, making it ideal for use in E-glass.
This material is crucial for the transport, construction and green energy sectors, which are experiencing significant growth.
The mining and processing of anorthosite is noted for its simplicity and low energy consumption, resulting in no harmful waste.
Furthermore, anorthosite facilitates the production of fibreglass and aluminium through processes that are considerably more environmentally friendly than conventional production methods, which typically utilise materials such as kaolin and bauxite.
The beneficiation by-products include crushed rock, which can be used in road building or stored safely, and minor metallic by-products that are sought after for recycling.
Greenland, which is considered abundant in minerals, oil and natural gas, has long been regarded as a potential resource frontier and has attracted international attention since US President Donald Trump indicated an interest in acquiring it earlier this year, reported Reuters.
