Greenland Minerals Reduces Kvanefjeld Costs to $810 Million with Staged Development Strategy

- March 28th, 2013

Mining Weekly reported that Greenland Minerals and Energy have reduced their capital costs for the Kvanefjeld multi-element project, down from $1.53 billion to $810 million.

Mining Weekly reported that Greenland Minerals and Energy have reduced their capital costs for the Kvanefjeld multi-element project, down from $1.53 billion to $810 million.

As quoted in the market report:

The company was now focusing on the staged development strategy for the project, with initial mine throughput set at three-million tons a year, expanding to six-million tons a year.

To view the whole Mining Weekly report, click here. 

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