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.



Register here to be notified of future GGG Company articles
View full GGG profile View Profile

Greenland Minerals and Energy Timeline

Related Articles

Offshore oil operations, North Sea
September 29 2016
Jersey continues to “work actively” on a number of opportunities in the UK, which it expects will lead to the acquisition of producing oil and gas assets in the near future.
coal fired power station
May 08 2017
The company said the reorganisation will allow it to focus more on its CoalSwitch and forestry management divisions
Egyptian pyramids
June 01 2017
The AIM-listed group transformed itself at the start of the year with the US$30mln acquisition of the Egyptian and Moroccan assets of failed fellow AIM firm Circle Oil

© 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