It has long been a well-known fact that Greenland´s subsoil offers extensive resources, spanning from oil to minerals and the so-called rare earths. On 1 January 2010, the rights to Mineral Resources were returned from the Danish state to the Greenland Home Rule Government, prior and subsequently to which, a large number of initiatives have been initiated with reference to exploration and extraction of such diverse raw materials as emeralds, rubies, oil, gold and neodymium, just to mention a few examples.
As Greenland´s leading law firm, Nuna Law has considerable experience and great expertise in mineral resources consultancy, and since the turn of the millennium, we have assisted a number of exploration companies and other operators in the field of natural resources such as oil, gas and minerals.
Since 2005, we have acted as permanent lawyers to Nunaoil A/S ‒ a co-owner of all the licenses that have been tendered ‒ and in this connection we have i.a. assisted with the conclusion of consortia agreements and assisted a number of the consortia in their exploration activities, including consortia with operators such as Cairn and Shell to name a few.
Over the last 20 years, we have been involved in most Greenlandic projects within the mineral area, including the gold mines in Nalunaq, the ruby mine in Fiskenæsset, the anorthosite mine at Kangerlussuaq and the Kvanefjeld project in Narsaq. We represent a vast majority of the mining companies and other operators in the field of mineral resources with activities in Greenland, and we advise on all matters ‒ from raw material legislation to establishment of business in Greenland, as well as assistance in connection with project financing etc.
We possess the necessary knowledge of the processes of the political system as well as the underlying legislation in the area, local regulations etc. We also have numeral years of experience in assisting investors, building corporate structures, arranging joint ventures, and ensuring the best possible solution for all parties in a sometimes-changing political climate.
Therefore, we are the obvious choice, whether it be planning, authority applications, start-up and operation ‒ or divestment, transfer or closure of existing mines.
We are represented at relevant conferences abroad where raw material in Greenland is on the agenda, and we participate i.a. in the world´s largest raw material conference, PDAC, held every year in Toronto (see https://www.pdac.ca), where all mining countries across the globe are represented.
Lawyer Peter Schriver is also a member of the Association of International Petroleum Negotiators (AIPN).
Please contact Attorney-at-law Peter Schriver for further information.