Greenland Minerals and Energy (ASX:GGG) gaining political traction

[Sparty]

One of the major factors, the ban on Uranium mining, holding back the development of GGG's massive Rare Earth deposits is being questioned and support seems to be coming on the back of the need for job creation and mining royalty income....



Greenland Minerals and Energy receives support for Kvanefjeld study

Greenland Minerals and Energy (ASX: GGG) has reported that southern Greenland?s newly amalgamated council has officially offered support for the removal of the current uranium policy of zero tolerance, and ongoing feasibility studies at Kvanefjeld.

The Kommuneqarfik Kujalleq (newly merged municipal council of south Greenland) met on May 12th and established their position on key items that are relevant to future definitive feasibility studies and ultimately the development of a mining operation at Kvanefjeld.

The council voted in favour of supporting a change from the zero‐tolerance uranium policy, and acknowledged that a final decision to mine should be made based on the results of the definitive feasibility study and associated environmental and social impact assessments.

Greenland Minerals and Energy aims to commence these work programs in 2011 and work through the definitive feasibility process in close consultation with Greenlandic stakeholders.

The company said a mining operation at Kvanefjeld would be the start of a significant new industry in south Greenland, and would create many jobs and bring infrastructure benefits.

Roderick McIllree, chief executive officer said ?the company has been conducting a series of stakeholder meetings and community information forums in relation to Kvanefjeld over the last three months which have been extremely beneficial for all parties."

"The company will continue information forums and stakeholder presentations whilst it is conducting fieldwork programs through the coming months.?

The company said the creation of new employment is a priority, provided that this can be done in a way that ensures a safe and healthy work place and minimal environmental impact.

The council has put forward an invitation to Inatsisartut (Greenland?s legislative assembly) to change the regulations from the current zero tolerance uranium policy to a by‐product policy with a maximum concentration limit for uranium of 0.1%.

Importantly, the same proposal has also been put forward to Inatsisartut by the executive committee of Greenland?s labour union, the SIK.

The SIK takes care of the interests of the biggest wage‐earning group in Greenland, and has a vital role in the betterment of living conditions for wage‐earners, as well as having close ties with the political mainstream.

Through its representatives, the SIK plays a major role in the development and debate about the Greenland society.

Greenland has around 1/3 of the World's proven Rare earth Elements deposits.

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