Greenland’s newly formed government is reportedly preparing legislation that would ban mining at uranium mines and cease development of the Kvanefjeld mine which has an initial operational life of 37 years and is expected to produce rare earth minerals and uranium. If extracted, the project’s uranium reserves are believed to adversely affect the country’s environment. The new bill would also include the option to ban the exploration of other radioactive minerals such as thorium. The bill is planned to be passed in the upcoming months.Owned by Australian firm Greenland Minerals, the Kvanefjeld mine is claimed to be one of the world’s biggest rare-earth project. Located near the southern town of Narsaq, the project is expected to produce all commercially important rare earth elements, including neodymium, praseodymium, terbium and dysprosium, as well as uranium.The Kvanefjeld project, which secured preliminary approval last year, was due to receive final approval under the previous government.Through its Chinese partner Shenghe Resources, Greenland Mineral has already spent more than USD 100 million preparing the mine and has proven processing technology.