Citronen mine

Last updated
Citronen mine
Location
Greenland edcp location map.svg
Schlaegel und Eisen nach DIN 21800.svg
Citronen mine
Country Greenland
Coordinates 83°0′N29°55′W / 83.000°N 29.917°W / 83.000; -29.917
Production
Products Lead, Zinc, Germanium
History
Openednot opened
Owner
Company Ironbark Zinc
Website ironbark.gl/projects/greenland/citronen/

The Citronen mine is one of the largest potential lead and zinc mines in Greenland. [1] The mine is located in Citronen Fjord, Northern Greenland. [1] The mine has reserves amounting to 100 million tonnes of ore grading 2% lead and 3% zinc. [1]

The mine was developed by mineral resources company Ironbark Zinc who initially had a nonbinding agreement with the China Nonferrous Metal Mining Group to finance and construct the mine. [2] [3] In 2020, Ironbark Zinc executed a letter of interest for a financing loan from the Export–Import Bank of the United States to develop the project. [4] [5] Initially planning to source financing from both China and the West, the company decided against sourcing from China Nonferrous due to geopolitical factors. [6] . In December 2024 Ironbark Zinc sold its interests in the mine for $900,000 to Almeera Ventures Limited based in Dubai. [7]

The company has identified the presence of germanium in the Citronen ore with further assaying underway. [8]

References

  1. 1 2 3 "Citronen Mine" (PDF). segweb.org. 2012. Archived from the original (PDF) on 2013-11-13. Retrieved 2013-07-20.
  2. ↑ "Ironbark Zinc hosts successful site visit with China Nonferrous and Greenland Government". Proactiveinvestors UK. 2017-08-11. Retrieved 2021-09-26.
  3. ↑ "Zinc project in Greenland receives Chinese backing". MINING.COM. 2017-08-11. Retrieved 2021-09-26.
  4. ↑ Kevin McGwin (2020-11-02). "A US agency is ready to fund a major Greenland zinc mine". Arctic Today. Retrieved 2021-09-26.
  5. ↑ "Ironbark Zinc progresses towards Citrönen final investment decision with letter of interest from Export-Import Bank of the United States". Proactiveinvestors UK. 2020-11-02. Retrieved 2021-09-26.
  6. ↑ Leeuwen, Hans van (2021-12-07). "How Aussie miner Ironbark Zinc switched horses in Greenland from China to the US". Australian Financial Review. Retrieved 2022-07-13.
  7. ↑ "Ironbark Zink to divest Citronen Project" (PDF). MineDocs.com. 2024-12-17. Retrieved 2025-05-15.
  8. ↑ "Ironbark moves to financing stage of zinc strategy". 16 January 2018.


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