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China is investing in Greenland ore mine

Monday, 14 May 2012
Twelve billion dollars, over Skr80 billion, is expected from a British company and China to invest in an iron ore mine in Greenland.
Behind the investment is the mining company London Mining cooperating with Chinese iron ore investors. The proposed mine is located outside the capital, Nuuk, reports the Danish business daily, Borsen.

An application for a mining project is expected to come into the Greenland commodity Authority before the summer holidays.
By Team

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