Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Greenland Minerals and Energy in trading halt pending uranium mining announcement

proactive-investors-run-by-investors-for-investors-energy.png

Greenland Minerals and Energy (ASX: GGG) has requested a trading halt pending release of an announcement about a landmark approval for mining in Greenland.

The company has received an approval for its recent application to operate within the newly created terms and conditions for radioactive materials, specifically in regard to uranium mining.

The halt will last until an announcement is made or commencement of trading on Wednesday 15th December 2010.

On September 9 Greenland's government partially changed a decades-old ban on uranium mining in one of its most significant acts since gaining limited autonomy from Denmark a year ago.

The move could open the icebound and sparsely populated country to exploration for uranium and rare earths and gives a nod to an Australian mining company to develop a mine plan for what the company says is the world's biggest undeveloped deposit of rare earths.

View full GGG profile View Profile

Greenland Minerals and Energy Ltd Timeline

Related Articles

offshore oil platform
Thu
Hurricane is now on-track for 'first oil' in the first half of 2019
picture of woodchip
Thu
Advanced Biomass Solutions (ABS), AEG’s biomass affiliate, will construct and run the plants
Oil rig workers drilling offshore
November 24 2016
“Mesurado-1 is a high impact well which could be potentially transformational for COPL," said analyst Craig Howie.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use