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Standard terms

The Application Procedures and Standard Terms apply to all exploration and prospecting licences in Greenland. Find more information om this page. 

The regulations, requirements and terms in relation to exploitation licences are described in the specific licence terms. However, the Application Procedures and Standard Terms for Mineral Licences and Prospecting Licences in Greenland, incorporates terms relating to the transition from exploration to exploitation, as well as the taxation model under exploitation.

Following the 2013 parliamentary election, the Government of Greenland announced the wish for a new taxation model for exploitation licences. As a result, the Government of Greenland has amended the standard terms for licences for exploration for minerals (excluding hydrocarbons) in Greenland by Addendum no.3, including appendices 1234. Addendum no. 1 and no. 2 have been included in the Application Procedures and Standard Terms 25th of June 2013. Addendum no. 3 has not yet been included in the Application Procedures and Standard Terms 25th of June 2013. Addendum no. 3 is a separate document, but should still be considered valid.

Addendum No. 3 to Standard Terms

Appendix 1 to Addendum No. 3

Appendix 2 to Addendum No. 3

Appendix 3 to Addendum No. 3

Appendix 4 to Addendum No. 3

On 31 August 2018 the Government of Greenland introduced standard terms and models for escrow and pledge agreements. 

Standard Terms for Escrow and Pledge Agreements

Model Escrow and Pledge Agreements

Model Addendum to Escrow and Pledge Agreements

On 1 June 2019 the Government of Greenland introduced standard terms and models for guarantees. 

Standard Terms for Guarantees

Model Guarantee

Model Addendum to Guarantee

Revised Application Procedures will apply to all licences whereas revised Standard Terms, if any, will take effect only for licences granted after such a revision.