On 17 December 2020 the Government of Greenland approved a proposal, which includes three initiatives for all mineral exploration licences in Greenland.
The first initiative outlines that the exploration expenses for all mineral exploration licences, regardless their age, will be reduced to DKK 0 in 2021.
The second initiative outlines that unfulfilled exploration obligations are postponed by one year.
The third initiative outlines that year 2021 is taken out of the licence period, i.e. year 2021 is temporarily “paused”. This means that all exploration licences will be extended by one year.
The approval of the three initiatives is intended as a continuation of the Government of Greenland’s similar approvals during 2020.
The current approval comes as a response to the COVID-19 pandemic, which the Mineral Resources Authority has monitored closely during 2020 and has been in close contact with the mineral industry. As there are still many uncertainties on how the COVID-19 pandemic situation will develop throughout 2021, the extension of the three initiatives into 2021 aims to establish security and ease amongst the licensees in relation to the possibilities to develop their exploration projects in 2021.
Please contact the Mineral Licence and Safety Authority at email@example.com for any questions regarding the approval.