Greenland government grants 30-year exploitation licence to graphite project
The permit for GreenRoc Strategic Materials Plc applies to the Amitsoq graphite deposit.
Greeland's Minister of Business, Mineral Resources, Energy, Justice and Gender Equality, Naaja H. Nathanielsen, says, 'Greenland Graphite's exploitation licence is the third exploitation licence granted by the Government of Greenland this year. This is a very positive record and it is particularly worth noting that the process from submitted application to issued exploitation licence has only taken one year and three months. This is significantly faster than in many other countries and clearly demonstrates that the revised Mining Act is working as intended.
'The aim was to streamline the procedure without compromising high environmental standards, safety and social responsibility.' seriously taking into account the concerns for people and the environment."
CEO of GreenRoc, Stefan Bernstein, adds, 'This is a very important milestone for GreenRoc on the road to making graphite production in Greenland a reality again, 100 years after the closure of the Amitsoq mine.
'Graphite is an important raw material for the energy transition and Europe lacks secure access to it. At Amitsoq, we have proven graphite ore for many decades of operation. At the same time, we are very aware that extraction from Amitsoq must benefit Greenland, and especially the communities in South Greenland, and we look forward to listening to and cooperating with the citizens of South Greenland along the way.'
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