Greenland Ruby A/S, its sister company, was established in October to take over the exploitation license and handle the promotion and sales of the mine’s rubies and pink sapphires.Ĭoncurrent with the news that Greenland Ruby has started production at the site, True North provided an update on its bankruptcy proceedings regarding its operating subsidiary in Greenland, True North Gems Greenland A/S. The mining license for the Aappaluttoq Ruby Mine then was awarded to LNS Greenland, an investor in the project, after it made a bid. The area originally was being mined by True North Gems, but the company entered into voluntary bankruptcy in September. According to the company, the deposit is “primary” type, meaning that the rubies are extracted from hard rock, mainly mica and amphibole.Īt this time, it’s too early to know how much ruby and pink sapphire the mine might produce, a spokesperson for the company said. New York-Greenland Ruby A/S officially has started its production at the Aappaluttoq ruby mining site in the southwest region of Greenland.Īappaluttoq is Greenland’s first corundum mine, located about 155 miles south of Greenland’s capital, Nuuk.
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