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Greenland Minerals signs deal with China’s NFC to form rare earth supply chain

12:14 AM MDT | March 24, 2014 | Deepti Ramesh

Greenland Minerals and Energy Ltd. (GMEL; Subiaco, Australia) says it has made a significant step towards the establishment of an integrated, global, rare earth supply business with the signing of a nonbinding memorandum of understanding (MOU) with China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. (NFC; Beijing). GMEL is an exploration and development company focused on developing mineral projects in Greenland. GMEL’s Kvanefjeld Project, located in southern Greenland, is underpinned by one of the world’s largest...

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