Legislation amendments to ease exploration costs in Greenland

Aim- and Frankfurt Stock Exchange-listed FinnAust Mining has welcomed changes to expenditure obligations for holders of minerals exploration licences in Greenland, which FinnAust said would result in cost savings for the company. Under a newly issued addendum, the expenditure obligations for exploration licences from year 6 to year 11 will be reduced to a zero expenditure requirement for 2017.