Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Ironbark’s Citronen base metal project in Greenland has the support of China Nonferous Metal Industry which signed a memorandum of understanding with the junior for potential funding of the zinc property.
Ironbark (ASX:IBG) says Citronen is one of the largest zinc resources in the world. The company also touts the mining-friendly environment in Greenland.
China Nonferrous Metal Mining Group is a state-owned Chinese corporation with mines in Zambia, Mongolia and Thailand.
A delegation of government officials from Greenland toured the project with the Vice President of China Nonferrous Metal Industry’s Foreign Engineering and Construction, Mr. Qin Junman.
Ironbark is working towards a project study report in compliance with financing requirement of China’s bank. It will also incorporate Chinese equipment and construction costs into its feasibility study.
Written with material from Ironbark’s news release. Creative Commons image of Nuuk, capital of Greenland.
