Malmbjerg Molybdenum Project
Sector: Aerospace & Defense • Location: Greenland
Source: Business Wire
The Malmbjerg project is a Climax type primary molybdenum deposit located in central east Greenland. It is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance, and low footprint due to modularized infrastructure. The project has an NI 43-101 Definitive Feasibility Study completed in 2022, with a capital expenditure of US$820 mi
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under development |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Malmbjerg project is a Climax type primary molybdenum deposit located in central east Greenland. It is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance, and low footprint due to modularized infrastructure. The project has an NI 43-101 Definitive Feasibility Study completed in 2022, with a capital expenditure of US$820 million, a levered after-tax IRR of 33.8%, and a payback period of 2.4 years, using a US$18 per pound molybdenum price. Proven and Probable Reserves are 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. The project aims to supply approximately 25% of the EU's total yearly molybdenum consumption and 100% of EU defense needs. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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