Greenland Minerals Ltd (ASX:GGG) has received confirmation from authorities in Greenland that the Social Impact Assessment (SIA) for the Kvanefjeld Rare Earth Project meets standards required for public consultation.
Acceptance of the SIA by Greenland’s Ministry of Industry and Energy marks an important milestone in the company’s mining licence application process.
This allows an opportunity for stakeholders to provide feedback from the public hearings.
Greenland Minerals' managing director John Mair said: “It is gratifying that after so many years’ work, we have been able to achieve the first of several important milestones in the long-term commercialisation of Kvanefield.
“We, along with our consultants, would like to acknowledge the diligent and professional guidance provided by Greenland’s Ministry for Industry and Energy in preparing a high-quality SIA.
“We continue to strengthen our communications with the South Greenland municipality as outlined in our recent agreement and look forward to formally presenting and discussing the social impacts, benefits and opportunities.”
Following the public hearing, a final SIA will be prepared incorporating feedback from the hearings and will form part of the package of material submitted to the Government of Greenland prior to the formal issue of a mining licence.
Prepared by independent Australian consultants Shared Resources, the SIA incorporated the International Finance Corporation's 'Performance Standards' and has been translated to Greenlandic and Danish for final review before submission.