Pleasant Articles to read on REEs and GGG, page-124

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The project would be Greenland’s first world-class mining operation and one of the world’s largest producers of rare earth elements.

Upward pressure on prices

Meeting this demand will require current global production to double and when this is considered together with increasing production costs in China, the company believes there will be considerable upward pressure on prices over time.

This outlook creates an optimal development window for the Kvanefjeld Rare Earths Project given its advanced status, favourable production profile across all key magnet REEs, and competitive cost structure.


Interesting how this article appears today, are we in for news on Monday?

The company considers Kvanefjeld is one of the world’s most important emerging rare earth projects and will position Greenland to become a globally significant supplier of materials that are key to an energy efficient and environmentally sustainable future.

It is in this context really feasible for Greenland government to not approve the EIA and move towards a ML?

EAMRA has advised the company that they are on track to complete the review process by mid-September 2020.
Once EAMRA is satisfied, the Ministry for Mineral Resources and Labour will be notified, who manage the remainder of the licensing process.


No coincidence this was published today, IMO.
Very exciting week coming up
good weekend to holders
Surges