WHITE MOUNTAIN PROJECT (EIB-20160116)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Specific Location
Overseas Countries Territories (OCT)
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Hudson Greenland A/S (a subsidiary of Hudson Resources Inc)
The holder of the loan, grant, or other investment.
Sectors
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 17, 2018

Disclosed by Bank Apr 14, 2016


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Project Description

According to EIB website, the project consists of the development of an anorthosite (calcium feldspar) deposit situated on the central west coast of Greenland. The promoter proposes to establish a quarrying and processing operation at the site, including transport and ancillary facilities. Industrial minerals from the project will be sold and shipped to structural fiberglass manufacturers in Europe, Asia and North America, as well as users of fillers and extenders in the paints and plastics industry.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure.

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