Huge Greenland Iron-ore Mine & Terminal Contract Awarded

MarineLink.com
Monday, October 28, 2013
Ore transhipments: Photo courtesy of London Mining

Greenland has awarded UK-based company London Mining a 30-year licence to build and run a giant iron ore mine, but some opponents say the open-cast mine will cause environmental damage; others are concerned about plans to bring in up to 3,000 mainly Chinese workers, reports BBC News.

London Mining has been awarded an exclusive 30 year exploitation licence for its 100% owned Isua Project in Greenland. This licence is a significant step in the process of seeking partners for the development of Isua.

According to London Mining, based on a 2012 bankable feasibility study, the Isua Project is expected to produce 15Mdmt/a of premium quality iron pellet feed concentrate with low impurities and is based on a one billion tonne resource which could be shipped year round from a dedicated deep water port.

The company adds that detailed Environmental and Social Impact Assessments to international standards have been completed and have been subject to public consultation as part of the permitting process.

The Greenland government hopes the mine will boost the economy, which is largely dependent on fishing and subsidies from Denmark.

Sources: BBC News/London Mining



 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Ports

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1849 sec (5 req/sec)