Newspaper: Financing of massive mine in Greenland secured

The financing for a massive mine in Greenland looks finalized after Chinese backing of the project has been secured, writes Danish newspaper Berlingske Business.

Photo: Torben Stroyer

A possible mining adventure in Greenland is looking more likely, as China has apparently given a final green light to provide crucial funding, writes Berlingske Business.

According to the newspaper, the deciding factor was a ministerial nod to a giant iron mine project with a facility investment of USD 2.2 billion in western Greenland. That means it might just be a matter of time before the financing of the Isua mine has been settled definitively, with loans from Chinese state banks. The project is headed by stock listed company London Mining.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Latest news

See all jobs