Proactive Investors - Run By Investors For Investors

Greenland Minerals finalising updated civil cost estimate for Kvanefjeld Rare Earths Project

On‐site studies were conducted by a multi‐disciplinary team of engineers from Tetra Tech, Nuna Logistics, PND Engineers and C‐CCC.
project site
Updated port designs completed

Greenland Minerals Ltd (ASX:GGG) is continuing to advance the engineering optimisation studies for its Kvanefjeld Rare Earths Project in Greenland, including an updated civil construction cost estimate.

Port design optimisation

The North American arctic specialist port design company PND Engineers has completed a design optimisation for the port facilities.

The location of the port facilities at the Tuna Peninsula has been enhanced to allow for increased use of local construction materials.

This will reduce the overall capital cost of the project by taking advantage of the abundant source of good quality aggregate material available for port construction.

READ: Greenland Minerals largest shareholder forms JV in China to import radioactive rare earths

The port location on the Tuna Peninsula is located at the base of the Narsaq valley in an area that is currently used for a municipal rubbish dump.

PND Engineers have recommended the use of Open Cell Technology for the project as it offers the lowest cost and least construction risk.

Design of on‐shore facilities

Chinese company C‐CCC has worked collaboratively with PND Engineers to provide the on‐shore port design and cost estimate for associated facilities.

C‐CCC has provided an extensive design of the on‐shore facilities for an efficient port operation.

The company has included flexibility within the design to allow for a staged development strategy and delivered a high level of design detail for the updated cost estimate.

Optimised civil design

In November 2018, Tetra Tech redesigned aspects of the project to optimise civil design, that led to a dramatic reduction in civil earthworks associated with project development. 

Cut and fill quantities were reduced to about 20% of the original design.

Nuna Logistics is currently compiling an updated civil construction cost estimate for the project based on the new civil design. This will detail the cost reductions accurately.

The updated estimate is based on new information gained from the site visit, and the revised studies by the participating engineering firms.

READ: Greenland Minerals simplifies processing circuit for Kvanefjeld

View full GGG profile View Profile

Greenland Minerals Ltd Timeline

Related Articles

Gas flare
May 22 2019
The group is in the middle of a three well programme to explore the A1 prospect, close to the original Tendrara discovery
Cargo ship
June 12 2019
MSAR is a cleaner substitute for heavy fuel oil that is burned to power large cargo ships
1548047910_757z468_1543882077_Carnarvon-noble-tom-prosser.jpg
January 21 2019
The company aims to expand its portfolio of hydrocarbon resources as it prepares oil and gas projects for production and continues its regional exploration work.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

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