It additionally outlined mitigation and monitoring measures to reduce adverse environmental results, that are being built-in into the venture’s design and implementation.
The SIA laid out Nalunaq gold venture’s results on the local people, emphasizing the constructive outcomes akin to creating jobs, offering coaching and ability growth alternatives, boosting enterprise for Greenlandic firms, and producing public income by way of royalties and taxes.
“I can not emphasize sufficient the significance of reaching this milestone, in the direction of which our group has been working for over 4 years,” chief govt Eldur Olafsson mentioned within the assertion.
The past-producing Nalunaq mine was open between 2004 and 2013, producing a complete of over 350,000 ounces of gold.
Amaroq acquired the venture in 2015 and has since expanded the extent of the useful resource base by way of drilling, incorporating a brand new geological mannequin (Dolerite Dyke). It has additionally acquired about 60% of the infrastructure required to deliver Nalunaq again into manufacturing.