GGG 8.24% 7.8¢ greenland minerals limited

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    This is what they have to turn around at the PDAC convention - restore back some confidence in the mining sector and make it more attractive to invest in!
    For a start..... speed up the bureaucratic process for license applications!

    "Kuupik V. Kleist looks with concern at a new raw material report

    March 1, 2019 · 16:52by Mathies Hvid Toft

    The chairman of the industry committee for raw materials and contractors in Greenland's Business wrinkles his forehead when he reads the latest report from the Fraser Institutes on the raw material sector.

    Greenland drops 29 places back to a position as number 63 out of 83 over the most attractive raw material countries to invest in.
    It shows the latest raw material report from the Canadian analysis house Fraser Institute.
    The analysis is the industry's own view of the different raw material countries and, in that light, it is extra boring that Greenland goes back. It is, in fact, an analysis that many raw material companies are orientating in before they launch projects.
    It is the chairman of the industry outcome for raw materials and contractors Kuupik V. Kleist.
    - It doesn't look very good. One must admit that when Greenland has fallen noticeably in status on virtually all parameters being measured, he says.
    READ ALSO Greenland rattles down the trail
    According to Kuupik V. Kleist, the decline can affect the activity in the raw material industry in Denmark, but also the activity in other industries.
    - There is already a reluctance to invest in Greenland in all areas and not just in the mining industry, so this is just more burning in the same fire: That restraint unfortunately presumably continues, he says.
    Long case processing is a problem
    In the analysis, an unnamed respondent replies that "the permit conditions are inconsistent, and the administrative processes are long and cumbersome." It is an experience that Kuupik V. Kleist has heard of before.
    "They all say unanimously that the administrative practice is very slow and cumbersome, and that it takes an unnecessarily long time to communicate with the Government and the authorities," he says.
    At the same time, he points out that it is hampering business development in the raw material sector in particular, if the rules change too often. Raw material projects often last for many years, so if the assumptions change too often, it is difficult to navigate.
    Therefore, the pace of the case processing is also one of the places where it must be addressed if the development is to be reversed, says Kuupik V. Kleist.
    - Instead of seeing these companies as potential enemies, you have to look at the places where the interests coincide and co-operate so that things can go faster.
    On Sunday, the world's largest raw material exhibition starts PDAC in Canada. Naalakkersuisoq for raw materials, Erik Jensen (S) participates, and so does Greenlandic companies, the Danish Minister of Energy and Supply and Crown Prince Frederik also."
    The balls in their court - let's see some affirmative measures put in place!
    .

 
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