TGX.v
(https://www.nord24.no/Disse_smykkene_koster_tre_hundre_tusen_kroner_per_stykk__Det_kan_en_nordnorsk_familie_tjene_veldig_mye_penger_p_-5-32-14127.html, 31.03.2015)These ladies wears jewelry made of rubies from Aappaluttoq, an hour's helicopter ride away Greenland capital Nuuk.
Price per necklace: $ 40,000, or 300,000 dollars, based on the current dollar exchange rate.
- 14 jewelry was made of 30 tons of stone. It came from truckloads that our Canadian partners picking up, says Frode M. Nilsen, CEO Leonhard Nilsen & Sons AS (abbreviated LNS).
Become giant company
The family-run company from Vesterålen last decade has grown to be giant in north Norwegian context. According Nilsen Group traded nearly two billion in 2014 and currently has around 1,200 employees.
LNS 'perhaps most ambitious project, but also potentially also the most lucrative, is ruby mine in Aappaluttoq, which is now under development in Greenland by the subsidiary LNS Greenland.
Wednesday he was on Arctic Frontiers, where he told about LNS 'growth and little about investment in Greenland.
- The potential is enormous, but it is difficult to quantify, says Nilsen Nord24.
- Fall height is the course then also, he adds he smiles.
Do not take too much
After Nord24 first mentioned ruby-plans, the project has gone ahead rapidly.
- In the autumn we have put in place roads, docks, camp and a workshop within schedule. We have struggled a bit to keep the fjord free of ice, but we managed to hold a small path open, so we've got the necessary equipment. During spring, we must set up processing and in the summer we start to produce, says Nilsen.
The objective is to extract 40,000 tons each year for 30 years. When LNS bought the rights to the area was mapped 300 meters with rubies. Now it mapped many mil to.
And pitfall?
- When we've started, we aim to get about ten percent of the world market for rubies. What is important, then, is not to recover too much at a time, so prices go down. We do not want to flood the market, says Nilsen.
Up to $ 600
It is believed that Aappaluttoq, located near Fiskenæsset Greenland, contains 400 million carats rubies, according to information from the Canadian partner True North Gems. The Company is listed and owns ten percent of the mine.
LNS 'ownership of the mine is 27 percent, as well as a lengthy operation contract.
Prices of rubies, according Nilsen remained relatively stable.
How much you get for production, however, is highly dependent on the quality ruby. The precious stones sold for around $ 18 per carat, but it is also achieved prices above $ 600.
- We have very great faith in this project. We get feedback that rubies are very attractive in the market, because of the steady quality and because they come from "clean business", says Frode M. Nilsen.