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Contents
· Exploration commitments for 2000 reduced by 50%
One year renewal of temporary measure
· Commercial exploration round-up: 2000 update
New gold exploration target in North-West Greenland
Nalunaq gold, South Greenland: in production within two years?
Platinova - Rio Tinto lead-zinc deposits in North Greenland
Diamonds still in focus in West Greenland
· Spot news around and about Greenland
Merger, drill cores, review of activities, publications, domestic mineral hunt ...
· Airborne geophysical survey in 1999: Project Aeromag 1999
Closure of an important gap in West Greenland coverage
High-resolution data: investment for the future
· High-resolution hyperspectral image data from West and East Greenland
HyperGreen 2000 and MINEO: new airborne geophysical projects
· Palladium potential of Skaergaard: economically viable?
Increase in demand brings the classical intrusion in focus again
· South Greenland: old and new geoscientific data reassessed
Geological, geochemical and geophysical data available in GIS format
Comprehensive review on economic potential nearing completion
We reported on changes in mineral exploration licence conditions last year in the June issue of Greenland MINEX News. In an attempt to alleviate the effect of depressed metal prices and reduced exploration activities, exploration commitments for mineral licences in Greenland were reduced by 50%. It was also stated then that the effect of the measure would be reviewed before the end of 1999 in anticipation of possible renewal for 2000.
The Bureau of Minerals and Petroleum (BMP) has now reviewed the measure. Although the decline in exploration activities seems to have levelled out, exploration companies - particularly juniors - are still faced with serious financing problems, and the authorities find it appropriate to extend the measure to 2000. Exploration commitments for mineral licences in 2000 are therefore reduced by 50%.
At the same time, the BMP announces that the measure will not be renewed for 2001, at which time exploration commitments for mineral licences will return to the "normal" level, viz. the level indicated in "Standard Terms for Exploration Licences for Minerals (excluding hydrocarbons) in Greenland".
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BUREAU OF MINERALS AND PETROLEUM (BMP)
Government of Greenland, P.O. Box 930, DK-3900 Nuuk, Greenland
Tel.: +299 34 68 00, Fax.: +299 32 43 02, E-mail: bmp@gh.gl, Homepage: www.bmp.gl
GEOLOGICAL SURVEY OF DENMARK AND GREENLAND (GEUS)
ุster Voldgade 10, DK-1350 Copenhagen K, Denmark
Tel.: +45 38 14 20 00, Fax.: +45 38 14 20 50, E-mail: minex@geus.dk, Homepage: www.geus.dk
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