The Government of Greenland has approved True North Gems’ (TNG’s) plan for carrying out production and establishing facilities for the exploitation of minerals in the ruby project at Qeqertarsuatsiaat on Friday the 30th of May 2014.
The approval document sets out terms for the exploitation and abandonment. It outlines the framework for production and for establishing facilities. It covers all aspects of the project, including workers’ health and safety, environmental protection, setting up project infrastructure, and much more.
Furthermore the Government of Greenland has approved an “Impact Benefit Agreement” (IBA) with TNG, with the objective of making sure that society and the economy gain the best possible benefits from the project. The IBA agreement also needs to be approved by the Municipality of Sermersooq.
Minister for Industry and Mineral Resources Jens-Erik Kirkegaard states: “I am very satisfied that the project can move on and with the prospect of new job creation, business opportunities and income to the Greenland society”. The Minister adds that: “TNG has been a constructive cooperative partner in the negotiation and approval process”.
The mayor of Sermersooq, Asii Chemnitz Narup is pleased with the prospect of new jobs in the municipality: “TNG is committed to employing local workers. That will benefit our community and especially the settlement of Qeqertarsuatsiaat”.
”TNG is very satisfied with the construction and production permits that will enable the project to move on. We are looking forward to entering the construction phase, so we can move on with the production itself as soon as possible” a pleased Nick Houghton, the CEO of TNG says.