Greenland Ruby secures $18 million financing
Greenland Ruby secures $18 million financing Aappaluttoq, in operations since 2017, is Greenland’s first coloured gemstone mine. ( Image courtesy of Greenland Ruby.) Greenland Ruby, which mines rubies and sapphire corundum from its home country, has received an $18 million working capital injection from the Nebari Natural Resources Credit Fund. Financing deals are not very common for the coloured gemstone industry, and Greenland Ruby chief executive Magnus Kibsgaard said the one achieved was a “tremendous milestone.” Sign Up for the Precious Metals Digest Sign Up The funds will enable t...
Source: mining.com