Bluejay Mining gets export approval from Greenland government
Bluejay Mining
0.31p
16:55 18/04/24
Bluejay Mining updated the market on current activities at its 100%-owned Dundas Ilmenite Project in Greenland - the world's highest-grade mineral sands ilmenite project - on Monday.
FTSE AIM All-Share
745.29
16:54 18/04/24
Industrial Metals & Mining
6,804.83
17:14 18/04/24
The AIM-traded firm said that it had now received an export permit from the Government of Greenland for the shipment of the 40,000 tonne run-of-mine bulk sample material, which would be processed at its pilot processing plant in Quebec, and was fully funded.
To facilitate the export, the company said it had completed the construction of the barge landing-ramp for ship loading, with the shipment loading and departure scheduled to begin within four weeks.
Additionally, Bluejay said it had appointed MID-SHIP Group - a US cargo and shipping management company - to head a selection process with the aim of identifying potential Arctic water operators with sufficient ability and experience to fulfill and support a loading operation without established infrastructure.
Several shipping companies tendered, with three shortlisted for final evaluation, which resulted in Pangaea Logistic Solutions being mandated.
The board said it “looked forward” to working with all the parties in successfully implementing the bulk sample shipment.
To support the deck-barge loading platform operation at Moriusaq, Bluejay and Pangaea had contracted the Newfoundland company Guy J. Bailey, the board added.
“Receipt of the export permit from the Greenlandic Government and the approval to ship the bulk sample to Quebec represents the last permitting milestone to enable the transportation of the bulk sample to Canada,” said Bluejay chief executive officer Roderick McIllree.
“Furthermore, the engagement of international shipping company, Pangea Logistical Solutions, has provided Bluejay with confidence that delivery will be made on time and on budget.
“Our focus is now on completing the construction of the processing plant and the associated supporting infrastructure at its site in Canada, prior to delivery of the bulk sample material to Rio Tinto Iron and Titanium Canada’s Sorel-Tracy facility in Quebec, Canada.”