Dundas Titanium A/S is granted an exploitation licence

On 11 December, the Government of Greenland approved Dundas Titanium A/S’ application for an exploitation licence for an area of 64 km2 located at Moriusaq, Northwest Greenland. Dundas Titanium A/S will have the right to exploit heavy minerals, including ilmenite and other titanium-bearing heavy minerals, from sand from onshore areas. The exploitation licence will be valid for a period of 30 years. The Government of Greenland has also approved the project’s Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA).

The Minister for Industry and Mineral Resources, Jens-Frederik Nielsen, is pleased about the development: “Granting Dundas Titanium A/S the exploitation licence proves that the case processing can be efficient for the benefit of both Greenland and the mineral resources industry. We are very happy to reach this stage after only three months since the public consultation of the EIA and SIA has ended. The project represents a huge opportunity for the local community, but will also benefit the whole country. This year for the first time, the European Commission listed titanium as a critical mineral due to its strategic importance. The fact that this project can bring titanium to the market in such a sustainable way provides a huge opportunity for Greenland.”

Dundas Titanium A/S, the Avannata Municipality and the Government of Greenland also successfully negotiated the Impact Benefit Agreement (IBA) for the project.

Both the exploitation licence and the IBA will be signed on 14 December 2020, at 10:00 am which will mark the date they enter into force.

Ahead is the preparation of an exploitation and closure plan as well as activity plans. The preparation of these plans takes place in close collaboration between the company and the government. The company has a deadline of 31 December 2022 to obtain the Government’s approval of the exploitation and closure plan. If the company submits a complete and adequate application to obtain the Government’s approval of the exploitation and closure plan, the processing time is expected to be a maximum of 6 months. The company shall start the mining activities no later 31 December 2025, unless approved otherwise.

The IBA and the exploitation licence will be published once signed on the MLSA website, www.govmin.gl. For any enquiries regarding the exploitation licence, please contact Permanent Secretary at the Department of Mineral Resources, Jørgen T. Hammeken-Holm at +299 552466 or jeoh@nanoq.gl