Australia’s Greenland Minerals announced that its request for interim orders against the Greenlandic Government’s decision to reject the exploitation licence for the Kvanefjeld rare-earths and uranium project was declined by an arbitration tribunal.
In July 2022, the company filed an objection against the government’s draft decision, which stated that the exploitation licence fails to comply with the ‘Uranium Act’ that bans the exploitation of an ore body that has more than 100 parts per minute (ppm) of uranium.
The firm filed for interim measures against the government to maintain the status quo and ensure that the legal process for the determination of the licence application is respected while the arbitration is underway in Copenhagen, Denmark.
However, the tribunal ruled the firm’s interim orders would not serve their purpose of maintaining the status quo as the government had already rejected the licence application.
Greenland Minerals said no findings were made by the tribunal on any other aspects of its case against the governments of Greenland and Denmark.
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The company said in a statement: “Nevertheless, based on the clear statements of intention that the Greenlandic Government has made, the company anticipates that the Greenlandic Government will soon issue a final decision rejecting the company’s exploitation licence application.”
The firm said it ‘will continue to seek appropriate remedies in the arbitration’.
With the potential to become the most significant critical rare earths producer in the Western world, the Kvanefjeld rare earth project will comprise a mine, concentrator and refinery.
At the project, more than one billion tonnes of mineral resources have been identified, with ore estimates of 108 million tonnes, according to Reuters.