Greenland Minerals and Energy Limited

Australian Market Report of December 15, 2010 includes: Waratah Gold Limited (ASX:WGO) signed Convention with Congo Government for Youkou Iron Ore Project; Tiger Resources Limited (ASX:TGS) said that Kipoi Copper Project stage 1 construction progresses smoothly; Axiom Mining Limited (ASX:AVQ) have received strong gold and silver results in Queensland; Greenland Minerals and Energy Limited (ASX:GGG) has received approval to fully evaluate the Kvanefjeld multi-element project.

Australian shares rallied on Thursday after a strong lead from overseas market, and the gains were fuelled by the better-than-expected employment data in Australia. Total employment was up by 45,900 in June, compared to expectations of an increase of 15,000. Australia's unemployment rate in June was a seasonally adjusted 5.1 per cent, beating the economists' prediction of 5.2 per cent.

Resource Capital Research ("RCR"), an equity research company which focuses on small and mid size resource companies, today launched its major quarterly research report covering 16 global uranium exploration and development companies.