haas schreef:
* September 10, 2010 1:00PM
Greenland Minerals poised to move on Kvanefjeld rare earths plan
GREENLAND Minerals and Energy soared more than 75 per cent today after the Greenland government made a key regulatory change.
The Perth-based company welcomed news that Greenland’s government had amended the standard terms for exploration licences, which will allow it to develop its flagship Kvanefjeld project for its rare earth elements, uranium and zinc.
Greenland Minerals said it can now commit to definitive feasibility studies in 2011, as planned, after the decades-old ban on uranium mining was essentially lifted.
The news saw Greenland soar 75.34 per cent to 64 cents by early afternoon - making it the biggest winner on the stock exchange.
Lars Emil Johansen, a former prime minister of Greenland and chairman of the company’s local subsidiary, said the government would now assess each licence on a case-by-case