Tue, 01/07/2014 - 18:20

GME appoints expert in uranium marketing

Greenland Minerals and Energy Ltd (‘GMEL’ or ‘the Company’) is pleased to advise that it has appointed Mr James Eggins to the role of Manager – Uranium Marketing and Contracts. James has been actively involved in the uranium industry for over 30 years, with a focus on marketing roles, mine to market logistics and regulatory compliance. The appointment is timely as the Company works toward finalising a mining license application for the Kvanefjeld rare earth – uranium project, and further developing the marketing and commercial strategy.

To date GMEL has placed a significant focus on developing a rare earth business strategy, which took a significant step forward in March, 2014, when the Company signed a Memorandum of Understanding (MoU) with China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Co. Ltd. (NFC). Under the terms set out in the MoU, both parties are conducting ongoing technical exchange, and working toward structuring a business partnership that will create a complete rare earth value chain that markets products to end-users globally.

GMEL is now placing an increased focus on developing the uranium business strategy, and importantly bolstering the company’s experience in the areas of regulatory compliance associated with uranium production. Following the removal in Greenland of a long-standing policy against uranium production in late 2013, regulatory bodies in Greenland and Denmark are working toward implementing the necessary requirements to effectively manage mining operations that involve uranium production. James Eggins’ extensive experience in this field will greatly assist GMEL in effectively interfacing with regulatory bodies on uranium-related issues.

James Eggins career has involved roles for Queensland Mines Ltd (Nabarlek uranium project), CRA Ltd (Kintyre uranium project), WMC Resources (Olympic Dam) and most recently for Paladin Energy Ltd (Langer Heinrich, Namibia; and Kayelekera, Malawi) where he played a key part in both regulatory compliance and sales contract development.  
James holds a Bachelor of Laws, with Honours, from the Australian National University.

Yours faithfully,

Roderick McIllree
Managing Director
Greenland Minerals and Energy Ltd


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