The Company is based on the principles of the UN Global Compact, the Principles for Responsible Investment (PRI), and the OECD Guidelines for Multinational Enterprises.
The project will contribute to more sustainable production in several large industries and make a significant Greenlandic contribution to the global green transition.
GAM´s vision is to bring a unique industrial mining venture to market with a business strategy strongly supportive of transition into environmentally-friendly and CO2 reducing “green” solutions, by offering customers a sustainable raw material source as an alternative to the more polluting and energy-demanding raw materials in use today.
First large-scale mining investment driven by Greenlandic and Danish investors
The Majoqqap Qaava anorthosite deposit is located 125 km southeast of Greenland’s capital Nuuk only 12 km from the ice-free coast of Qeqertarsuatsiaat Kangerdluat (Fiskenæs Fjord).
The deposit is unique in scale and grade featuring exceptionally low content of alkali metals (less than 2%) making it highly attractive for many industrial applications.