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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 Scancomark.se Team
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