Portugal’s mining strategy may favour copper over lithium
Portugal already has the largest copper mine in the European Union, operated by Lundin Mining.
Vancouver-based Hudson Resources (TSXV: HUD) announced Thursday its first bulk shipment left from the White Mountain anorthosite mine in Greenland.
Approximately 14,400 tonnes of GreenSpar 250 anorthosite product and 56 tonnes of GreenSpar 90 (98% finer than 90 microns) have been loaded onto the MV Happy Dragon bulk ship and departed for the company’s port facility in Charleston, South Carolina. Sailing time to Charleston is approximately 10 days.
Hudson Resources extracts anorthosite minerals, which yield the hardest feldspar with the highest refractive index, to make its GreenSpar products, primarily used for interior paints and coatings. Other revenue streams for mining anorthosite include feed material for fiberglass, alumina and heat-resistant cement.
The news comes just a week after US President Donald Trump expressed interest in buying Greenland. The Danish territory has been drawing foreign interest partly due to its abundance of natural resources such as coal, zinc, copper, iron ore and rare minerals.
In July, the company hosted a US state department visit at the White Mountain site, where the delegation was accompanied by CEO Jim Cambon for a tour of the anorthosite operations and also given an update on the its Sarfartoq rare earth project, also in Greenland.
An official opening of the White Mountain mine will be held later this month on August 28. The calcium feldspar mine is permitted for 50 years.
