Citronen_mine

Citronen mine

Citronen mine

Potential lead and zinc mine in Greenland

The Citronen mine is one of the largest potential lead and zinc mines in Greenland.[1] The mine is located in Citronen Fjord, Northern Greenland.[1] The mine has reserves amounting to 100 million tonnes of ore grading 2% lead and 3% zinc.[1]

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The mine is currently being developed by mineral resources company Ironbark Zinc. The company has a nonbinding agreement with the China Nonferrous Metal Mining Group to finance and construct the mine.[2][3] In 2020, Ironbark Zinc executed a letter of interest for a financing loan from the Export–Import Bank of the United States to develop the project.[4][5] Initially planning to source financing from both China and the West, the company decided against sourcing from China Nonferrous due to geopolitical factors.[6]

The company has identified the presence of germanium in the Citronen ore with further assaying underway.[7]

References

  1. [1]
    "Citronen Mine" (PDF). segweb.org. 2012. Archived from the original (PDF) on 2013-11-13. Retrieved 2013-07-20.
  2. [2]
    "Ironbark Zinc hosts successful site visit with China Nonferrous and Greenland Government". Proactiveinvestors UK. 2017-08-11. Retrieved 2021-09-26.
  3. [3]
    "Zinc project in Greenland receives Chinese backing". MINING.COM. 2017-08-11. Retrieved 2021-09-26.
  4. [4]
    Kevin McGwin (2020-11-02). "A US agency is ready to fund a major Greenland zinc mine". Arctic Today. Retrieved 2021-09-26.
  5. [5]
    "Ironbark Zinc progresses towards Citrönen final investment decision with letter of interest from Export-Import Bank of the United States". Proactiveinvestors UK. 2020-11-02. Retrieved 2021-09-26.
  6. [6]
    Leeuwen, Hans van (2021-12-07). "How Aussie miner Ironbark Zinc switched horses in Greenland from China to the US". Australian Financial Review. Retrieved 2022-07-13.
  7. [7]
    "Ironbark moves to financing stage of zinc strategy". 16 January 2018.
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