Cross-regional mining initiative aims for a secure and sustainable European raw materials value chain.
The European Raw Materials Alliance and Greenland Resources announced they are collaborating on the Malmbjerg molybdenum project, in a cross-regional mining initiative aiming for a secure and sustainable European raw materials value chain.
The collaboration with ERMA enabled Greenland Resources to sign documentation on offtake agreements directly with six major EU metallurgical steel and chemical companies as well as secure letters of intent to finance the project capex from AAA credit-rated financial institutions. “Greenland is committed to fostering responsible mining ventures that not only tap into our abundant natural resources but also prioritise the well-being and empowerment of our local communities,” Naaja H Nathanielsen, Greenland’s Minister of Finance, Minerals, Justice and Gender Equality said in a statement.
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