Dig Deep How Amaroq Minerals Thrives in Greenland's Harsh Environment
In this episode, we have a returning guest who has appeared on the show three times previously: Eldur Olafsson, Founder and CEO of Amaroq Minerals, a Greenland-focused mining company engaged in the identification, acquisition, exploration, and development of gold properties and other strategic mineral assets in Greenland. They recently poured their first gold, which is a significant milestone in the mine's development.
A geologist by background, Eldur has worked around Greenland and Iceland for well over a decade and started Amaroq Minerals back in 2017 and has certainly come a long way since then. He gives us an update since pouring their first gold, some of the exploration they have been conducting and results achieved, and what his thoughts are on recent comments made by Donald Trump about taking control of Greenland plus much more.
KEY TAKEAWAYS
- The company is actively exploring multiple sites in Greenland, particularly the Nanoq project, which has shown promising geological results. Plans are in place to deploy additional drilling rigs to further assess the potential of this deposit.
- Amaroq is committed to sustainable mining practices, including the development of a small-scale hydropower plant to reduce reliance on diesel and lower carbon emissions. The company aims to create a positive environmental and social impact in the communities where it operates.
- Amaroq Minerals is positioned as a key player in Greenland's mining sector, being the largest private investor and the most active developer and explorer in the region. The company aims to become a proxy for Greenland's mineral resources, attracting investment and interest.
- Looking ahead, the company plans to increase cash flow and production while continuing to explore for world-class deposits. The company is focused on building a portfolio of gold production sites and enhancing its operational capabilities in Greenland.
BEST MOMENTS
"We are the most active developer, now a producer, and an explorer. We believe that there is vast potential within the next five to 10 years to build up production off the range of 150 to 300,000 ounces."
"To put this into perspective, we are the only mine that was built and operated this year in the Arctic. There are logistical challenges, but thanks to our team, we've managed to be successful."
"We think this could be an absolute beast in terms of scale and in terms of size. We feel quite confident on that and excited about the prospect there."
Elda Offison: impact on Greenland's resources, it's more likely we are able to open up the next mine with the same methodology."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer:
- Insurance risk surveys recognised as an industry standard
- Construction risk reviews
- Asset criticality assessments and more
Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com
GUEST SOCIALS
Website - https://www.amaroqminerals.com/
LinkedIn - https://www.linkedin.com/company/amaroqminerals/
X - @Amaroq_Minerals or https://x.com/Amaroq_Minerals
Facebook - https://www.facebook.com/profile.php?id=100075745824312
Youtube - https://www.youtube.com/@AmaroqMinerals/videos
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.