Greenland has significant rare earth deposits, including the world's second-largest reserves, accounting for 10% of global production.

The country has an estimated 16.2 million tons of unexploited rare earth minerals in mineral sands deposits worldwide.

Rare earth deposits have been found in Greenland, including the Kuannersuit and Kvanefjeld areas.

Extracting rare earth minerals in Greenland is expected to be challenging due to environmental concerns.

AEX Gold plans to mine high-grade gold in South Greenland using renewable energy.

The company plans to use existing infrastructure and local renewable energy to power its mining operations.

Tanbreez Mining plans to mine 19 million tons of rare earth oxides in Greenland.

The European Union has signed a strategic partnership with Greenland to develop sustainable raw material value chains, including rare earth minerals.

The partnership aims to ensure environmentally responsible rare earth mineral extraction in Greenland with high ESG standards.

China is interested in developing rare earth mining in Greenland, with companies like Shenghe Resources having subsidiaries there.

The Greenlandic government has banned uranium mining to prevent large-scale rare earth expansion.

Billionaires like Bezos, Gates, and Bloomberg are funding mineral searches in Greenland, including rare earth minerals.

Greenland may have large deposits of nickel, cobalt, coal, copper, gold, and rare earth minerals.

KoBold Metals is searching for rare earth minerals in Greenland's Disko-Nuussuaq project with a $15 million budget through 2024.

The Disko project has potential for copper, nickel, cobalt, and lithium deposits, key minerals for EV batteries.

The Arctic region's mineral resources, including Greenland, are valued at over $30 trillion, mostly from energy resources.

Developing Arctic projects requires huge investments, hindering Greenland's rare earth mineral extraction.

China and Russia are among countries investing in Arctic mineral resources.

Global demand for rare earth minerals is expected to rise sixfold by 2030, driven by the green transition.

The increasing demand may lead to further interest in Greenland's rare earth deposits.

The European Union aims to meet 10% of its rare earth demand by 2030, possibly by developing Arctic sources.

China dominates the global rare earth market, accounting for 70% of mining and 90% of magnet processing.

The EU and other countries may seek alternative rare earth sources, including Arctic ones, to reduce reliance on Chinese imports.

Possible deposits in Greenland include the Tanbreez mine and the Disko project, where KoBold Metals owns 49%.

Developing infrastructure and using AI are expected to facilitate the extraction of electric vehicle raw materials.

Greenland has the world's second-largest rare earth reserves.

The country's rare earth minerals are crucial for electric vehicles and wind turbines.

Extraction of rare earth minerals in Greenland harms the environment, prompting companies to seek reduction methods, including building separation factories.

The EU plans to diversify its rare earth supply chain by exploring alternative sources and technologies.

NEO has a Greenland exploration license for rare earth metals and plans an Estonian magnet plant.

The company aims to reduce its exposure to crude price volatility and diversify its rare earth ore sources.

The extraction of rare earth minerals in Greenland faces environmental challenges due to climate change.

The Greenland government has banned uranium mining, halting the Kuannersuit rare earth deposit's development.

The country has signed an EU partnership for sustainable raw material development and high ESG standards.

Companies like KoBold Metals and Bluejay are investing in Greenland's mineral sector, which has emerging investment potential.

Denmark and Greenland have potential mineral hotspots that could lead to further rare earth development.

Bill Gates, Michael Bloomberg, and Jeff Bezos are funding mineral searches in Greenland to diversify its economy.

Greenland's ice-free land is being assessed for potential large-scale mineral extraction.

The country has the world's second-largest rare earth reserves, with the Guanast mine producing 10% of the global total.

The extraction of rare earth minerals in Greenland faces significant obstacles due to environmental concerns and regulatory hurdles.

The EU and Greenland have signed a strategic partnership on raw materials to promote sustainability and high governance standards.

The partnership focuses on sustainable mineral resource exploitation through infrastructure, capacity, and skills development.

Greenland has revoked a Chinese mining license and banned uranium mining.

The government has banned uranium deposit exploration after the Inuit Ataqatigiit party won an election on an environmental platform.

New prime minister Mute Egede opposes the Guanast Rare Earth Mine, the world's second-largest rare earth reserve.

Sungho Resources has acquired a 12.5% stake in Greenland Minerals.

The Greenland government regulates the rare earth sector to ensure responsible operations.

The country's mineral sector is expected to drive sustainable economic growth.

The government prioritizes high environmental and social governance standards in the rare earth mineral sector.

The EU and Greenland cooperate to develop the rare earth mineral sector.

Greenland is eligible for EU funding for research on rare earth minerals.

The government provides Earth observation data to facilitate rare earth mineral development.

The government regulates mining licenses, including rare earth mineral extraction.

Greenland revoked a Chinese company's mining license, enforcing regulations in the rare earth sector.

Greenland is rich in minerals, including iron ore and rare earth minerals.

The government banned uranium mining, impacting the rare earth mineral sector.

Greenland has rare earth mines, such as Kuannersuit, operated by licensed companies.

The government offers licenses to companies, including those extracting rare earth minerals.

Companies in Greenland must pay guarantees to ensure responsible mining operations.

The government demands the cleanup of abandoned mines to protect the environment and local communities.

Greenland requires the return of geological data to inform future rare earth mineral development.

The government issues mining licenses for rare earths, including the Tanbreez Mining project.

Tanbreez Mining is expected to start production in 2024, establishing Greenland as a significant rare earth minerals producer.

The mine contains 19 million tons of rare earth oxides, one of the world's largest deposits.

The mine contains 30% heavy rare earth elements, crucial for certain technologies.

Greenland's rare earths are used in electric vehicles and wind turbines, a critical part of the renewable energy sector.

The mine holds over half of the world's rare earth resources.

A factory with significant investment and equipment is needed to separate rare earths from rocks.

Separating rare earths requires $40 million in equipment, highlighting the sector's significant development costs.

The EU plans to diversify its rare earth supply chain by increasing domestic production.

Greenland has significant rare earth deposits, including the world's second-largest reserves, accounting for 10% of global production.

Title:

Content: Greenland ban on uranium mining prevents Chinese companies from expanding rare earths
November 13, 2021 17: 33
Eastern Network Television
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As part of its Arctic strategy, China has supported the mining of rare earths in Greenland by Australia ’ s Greenland Minerals, a Chinese-owned subsidiary of Shenghe Resources, through the Belt and Road Initiative.
However, Greenland ’ s parliament passed a new law banning uranium mining and halting the development of rare earth deposits at Kuannersuit, the southern tip of Greenland.
China's rare earth mining accounts for more than 70% of the global mining volume, and China's rare earth magnetic processing volume accounts for 90% of the global processing volume.
Sungho Resources, one of the world ’ s largest producers of rare earth materials, acquired a 12.5% stake in Greenland Minerals in 2016, making it the largest shareholder in the latter.
Guanast in southern Greenland is home to the world ’ s second-largest reserves of rare earths and uranium after China, accounting for 10% of the world ’ s rare earth production.
Since former US President Donald Trump proposed the idea of buying Greenland in 2019, the rich rare earth resources of Guanaster in southern Greenland have attracted attention.
Greenland ’ s local parliament was elected early on April 6. In the end, the pro-environmental left-wing Inuit Ataqatigiit party won the election, and its leader, Mute Egede, became the new prime minister.
He declared that he would do everything in his power to stop the Guanast Rare Earth Mine project.
In response, Greenland ’ s parliament has passed a new bill aimed at banning exploration of uranium deposits, as well as other radioactive deposits such as thorium, and halting the development of rare earth deposits at the southern tip of Greenland.

What percentage does Kuannersuit in southern Greenland account for in global rare earth production?

The country has an estimated 16.2 million tons of unexploited rare earth minerals in mineral sands deposits worldwide.

Title:

Content: Truth, Inspiration, Hope.

Govts Utilizing Mine Waste to Beat China on Green Energy Goals

100,000 tons of rare earths each year end up in waste from producing phosphoric acid alone
Victor resides in the Netherlands and writes about freedom and governmental and social changes to the democratic form of nations.
Published: April 10, 2023

Several mine waste refining projects have started worldwide in a longshot effort to meet the demand for the green energy revolution and beat market leader China along the way.

Sweden, South Africa, and Australia are among the countries that hope to wean off their dependency on China for their supply of rare earths, a market that is 90 percent dominated by Beijing

These mine waste by-products, in many cases, can be processed into substances vital for powering electric vehicles (EV) and wind turbines; however, the yield from these processes would hardly make a dent in satisfying the surging demand of a world that has set its sights on net-zero carbon emissions by 2040.

Sweden

One of those companies that took the challenge is Swedish state-owned iron ore miner LKAB, which has set out to extract phosphorus for fertilizer, fluorine, and gypsum in addition to rare earths from mining debris or by-products.

Material from an initial stage of iron ore processing, currently deposited in a tailings dam, Europe’s largest known deposit of rare earth oxides, will be retained and go through further treatment stages.

“We want to make sure we extract as much value as possible, and when we come to the critical minerals, we have those in our ores already,” said David Hognelid, LKAB’s chief strategy officer for unique products.

LKAB will be sending its material for separation to Norway’s REEtec, in which it is the biggest shareholder.

Commodity trader Mercuria also bought a stake in REEtec for a new division that targets metals needed for the energy transition.

“REEtec fits the narrative of building processing capacity for rare earths in the part of the supply chain where we think there’s a bottleneck,” said Guillaume de Dardel, head of energy transition metals at Mercuria.

“The company’s technology has a lower environmental footprint than the legacy solvent extraction process essentially used for rare earths separation in China.”

South Africa and Australia

In South Africa, Rainbow Minerals also plans to process waste stacks from years of phosphate mining.

Rainbow Minerals will employ a novel method based on ion chromatography, a technique widely used in pharmaceutical and other industries created by the American business K-Technologies.

The largest such project, however, is currently underway in Australia, where the manufacturer of mineral sands, Iluka, is preparing to process 1 million tons of stockpiled by-products that have been accumulating at its Eneabba site since the 1990s.

READ MORE:

It is constructing a rare earths refinery slated to open in 2025 that, together with the required infrastructure, is anticipated to cost between $675 million and $800 million, aided by government grants.

Low-hanging fruits

There are 16.2 million tons of unexploited rare earths in 325 mineral sands deposits worldwide, Australia’s RMIT University estimates. Meanwhile, the Idaho National Laboratory said 100,000 tons of rare earths each year end up in waste from producing phosphoric acid alone.

The projects mentioned above target output of over 10,000 tons of key elements neodymium and praseodymium (NdPr) oxide by 2027 by processing material from mineral sands, fertilizer, and iron ore operations, Reuters estimated based on figures from consultants Adamas Intelligence.

“These projects are the low-hanging fruit in the supply chain at the moment,” said Ryan Castilloux, managing director at Adamas.

But these low-hanging fruits only make up 8 percent of the expected demand for the two vital ores, essential for making permanent magnets to power EV and wind turbine motors.

“There’s more demand growth coming in the near to medium term than production, so there’s an opportunity for these readily accessible sources of supply,” Castilloux figured.

But however profitable the short-term prospects for Adamas and others may be, they will only be for a relatively short period. They can only serve to cut the expected deficit in the materials by half at most, Adamas and the Reuters analysis showed.

Reuters contributed to this article.

Rare earth deposits have been found in Greenland, including the Kuannersuit and Kvanefjeld areas.

Extracting rare earth minerals in Greenland is expected to be challenging due to environmental concerns.

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The world.
EU and Greenland sign strategic partnership on raw material value chains
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The European Union has signed a memorandum of understanding with the Government of Greenland in Brussels to establish a strategic partnership to develop sustainable raw material value chains.
Greenland ’ s vast natural wealth is a key asset for reaping the benefits of global value chains, as it seeks to diversify its economy in a sustainable way, while 25 of the 34 critical raw materials identified by the Commission as strategically important for European industry and green transformation can be found in Greenland.
The Executive Vice President of the European Green Deal, Enterprise Relations and Foresight of the European Commission, Maros Sivčović, signed the Memorandum of Understanding with the Government of Greenland represented by the Minister of Business, Trade, Mineral Resources, Justice and Gender Equality, Naga Nathanelsen.
The signing of the MoU will contribute to the development of sustainable projects along the raw materials value chains and the deployment of the necessary infrastructure for their development.
The MoU provides for close cooperation between Greenland and the EU in five important areas; among which is the development of economic and industrial integration of the value chains of vital raw materials and other raw materials.
This includes networking, joint project development, creating and promoting new business models, attracting investments, supporting access to finance, facilitating business linkages, developing and integrating support for economic diversification and ensuring the smooth functioning and resilience of value chains.
Foster collaboration to leverage high environmental, social and international governance (ESG) standards, to ensure that Greenland ’ s mineral sector serves as a lever for sustainable and inclusive economic growth while creating local and local value.
This includes the sustainable exploitation of mineral resources in close dialogue with the Greenland community of individuals, organisations, institutions and other stakeholders, taking fully into account the unique nature of Greenland ’ s pristine lands and applying high environmental, social and governance standards set out in legislation, conventions, guidelines and best practices.
Deploy the infrastructure needed to develop raw material value chains.
This includes taking into account the specificities of Greenland's transport and energy infrastructure needs, taking into account Arctic or sub-Arctic conditions, and supporting the mobilization of funding for such infrastructure.
Capacity building and skills development along raw material value chains.
This includes developing skills at all levels in the raw materials industry and wider society.
Greenland is eligible to participate in the EU Framework Programme for Research and Innovation and provides Earth observation data thanks to the European Copernicus Satellite Programme which offers promising opportunities related to mineral exploration, sediment mapping and mining monitoring including waste management and environmental impact monitoring.
according to the statement.

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

AEX Gold plans to mine high-grade gold in South Greenland using renewable energy.

Title:

Content: AEX Gold aims to invest in Greenland through its new gold mining project

Traditionally known for its fishing and hunting industries, Greenland is fast becoming the next significant area of exploration for mining businesses. The largest island in the world, Greenland remains one of the least populated areas worldwide with 56,000 citizens, and it has sought to attract local and foreign investment across a number of new projects.

The island’s current position remains complex. A sovereign government, it is positioned under the Danish kingdom who provide grants to support its local economy. To further its independence and bolster its economy to create increased tax revenue, Greenland has embraced the exploration of new mining projects as well as utilising all the renewable and local resources it has to offer.

Rich in rare-earth minerals, gold, iron-ore, uranium, in addition to hydro and wind power, Greenland’s favourable legal framework and robust infrastructure, particularly in South Greenland, have factored into AEX Gold’s vision to explore through its Greenlandic subsidiary, Nalunaq Gold Mine, situated in the Nanortalik Gold belt, Southern Greenland.

Acquiring an existing Exploitation Licence in 2015, the company is at the advanced exploration stage of its Nalunaq property, including the previously operating Nalunaq Gold Mine.   It also holds Exploration Licences at the early exploration stage Vagar and Tartoq properties.

Hosting a high-grade NI 43-101 compliant gold resource estimate of 263k oz (inferred) at 18.7 g/t and a number of regional exploration targets, AEX Gold has undertaken three years of exploration at Nalunaq, developing an updated geological model and an extension of the main vein strike length up to 1km.

“The government is very supportive, so it's about having a sound exploration strategy. We are very much focused on that, as we have an asset package that we think we can grow and create a lot of value,” explains Chief Executive Officer, Eldur Olafsson.

Originating from Iceland, Olafsson has gained extensive experience of the local geography. Focusing on mining projects in Greenland since 2012, he has analysed the country’s potential against the backdrop of environmental responsibilities and associated legalities with partner SRK Exploration Services. Through this process, the business has turned its attentions solely towards gold exploration.

“The known gold deposits in Greenland are in an area where the climate is mild and, given our experience, logistics are relatively easy. Gold opportunities are easier to finance than larger base metals projects and our perception was that we could fully fund projects like these through our support here in Iceland and in the UK market,” he explains.

“We started looking for opportunities in the South Greenland Gold Province and became aware of this historically producing mine. We were attracted by the extremely high-grade potential of the resource and the fact that the project had significant infrastructure in place.  We believed there were significant opportunities to materially improve the mining operation that had been run by previous operators.”

Extensive exploration

Throughout the exploration of high-grade resources, Olafsson is proud to remain hands on and is regularly seen on site. By undertaking various technical studies, AEX has gained the ability to comprehensively analyse similar types of assets with potential.  After acquiring the Nalunaq project in 2015 the company has continued to expand its portfolio. Whilst Nalunaq encompasses the required licence to explore and recommence production at the old gold mine, they own the larger Vagar exploration licence, situated a few kilometres to the west of the mine, where AEX believes the ground is prospective for the discovery of further Nalunaq-type deposits.  In addition, they also own the early stage Tartoq Project to the North West of Nalunaq. Each licence area is at a different stage of exploration which supports AEX’s aim of having a continuous pipeline of projects being brought into production.

“We have a total of 690sqkm of licences in south Greenland and we're the only active listed gold company in Greenland. Previous operators undertook very little forward-looking exploration once the mine was in production.  It's a very under-explored region so we intend to recommence production within the next two years at Nalunaq in order to support our exploration in the larger licences in the next 5-10 years,” he says.

“Iceland is a short distance from Greenland, so logistically it’s good for us. Additionally, in Iceland you need to be really self-sufficient, and the same can be said for those in Greenland. We don't have as many people or the multitude of services that you would have in other countries which encourages you to think creatively,” he adds.

Consequently, the company has sought to maximise efficiency whilst keeping costs down, yet all the time adding increased value across its operations.

By acquiring a high-grade deposit, less material is needed to be broken down, lowering AEX Gold’s carbon footprint. Everything taken out of the mine from underground will be processed and shipped out to a different processing facility, or processed on site adhering to the current environmental guidelines. Historically, electricity has been generated through the use of traditional fossil fuels, something which is steadily changing throughout Greenland.

“We're using oil to put in generators or to power mobile mining equipment which is high cost both in monetary and environmental terms.   Greenland currently has five hydroelectric power plants and they are looking at building more in south Greenland,” says Olafsson.

Seeing huge opportunities, he explains that the use of hydropower and wind power would complement AEX Gold’s operations, not only in its existing exploration activities, but with the implementation of an electric mining fleet with electricity being obtained from local renewable resources.

Providing local opportunities

In the future, it will be essential for Greenland to gain further revenue to unlock opportunities and services for its citizens. This is something Olafsson believes that AEX Gold can help with due to its knowledge of Iceland as it has many similarities to Greenland and has been through a period of comparable change.

“Greenland is in a similar position to Iceland not so long ago. Iceland didn't have a high education rate and wasn’t wealthy compared to other European countries, with economic and cultural activities that were very insular. We are now at the highest level of all parameters in terms of education, wealth per family, etc. and this has stemmed from improving the breadth of schooling and creating opportunities for people to grow and develop outside of the traditional areas of agriculture and fisheries.

“Our aim is that the majority of employees will be Greenlandic, but it will take time. Greenland has a large number of people competing for jobs in the fisheries and tourist centres. It is important that Greenlanders are able to access programmes that will allow them to consider other career options. In Iceland we are importing a lot of people to work in different industries in our country because we don't have enough people. This might be the case for Greenlanders as well if the anticipated growth of the Mining Sector materialises but we want to ensure that, where possible, we use local people first before looking elsewhere.

“The Greenlandic Government provides good support for those who seek education.  There are an increasing number of Greenlandic students attending Danish Universities so that now, for example, we are seeing well qualified Greenlandic geologists available for employment.  There has been a Mining School at Sisimiut for the last 10 years which provides local qualified labour who can take advantage of opportunities in the Mining sector.  You need skilled labour and as we own a mine that was in production for 10 years previously, there is a fair bit of local knowledge that we have been able to use during our exploration work and which we are keen to utilise going forward,” he says.

“We are creating revenue for local communities, creating highly skilled jobs, and are providing benefits where local communities can live better lives and grow as individuals. We need to create opportunities for young people.”

Additionally, by working with local businesses as well as those who have been operating in Greenland for some time, AEX has made a conscious effort to hire companies which can support its growth. AEX have therefore acquired a longstanding relationship with Cartwright Drilling, due to the company’s extensive experience in Greenland and subsequent knowledge of the island’s government systems, processes and practices.

Planning to mine high-grade resources using significant infrastructure already in place, AEX Gold holds extensive licences managed by an experienced team. Previous operations produced between 50,000 to 100,000 ounces a year at 15.4 grams/ton produced and this has provided a benchmark for the company, who will utilise this cash flow to explore the wider region in the long-term.

“We have a five-year plan where we want to get into production at Nalunaq and use the cash generated to fund exploration in the wider district.   We envisage investing a significant amount in exploration assets to provide a portfolio of different deposits that we can bring into production. We are creating a company that has a long-term mission in Greenland to build up local know how to support our aim of ramping up to very profitable production across a number of projects,” notes Olafsson.

“It will create a dramatic effect on the local community and hopefully be a springboard for unlocking much larger potential in Greenland. There are plenty of deposits that have been found, but you have to be able to develop them. You can only do that that with support and cooperation from the local people who believe in your vision.”

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The company plans to use existing infrastructure and local renewable energy to power its mining operations.

Why AEX consider Greenland a favorable mining location?

Tanbreez Mining plans to mine 19 million tons of rare earth oxides in Greenland.

Title:

Content: Greenland to mine rare earths in 2024 | Economic Horizontal | DW | 30.07.2023
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Economic stratification
Greenland to mine rare earths in 2024
According to the German "Economic Weekly" reported that a mining company has obtained permission from the Greenland government to mine rare earths on the island.
The company said production could begin next year.
Tanbreez Mining, a mining company, plans to mine rare earths in Greenland next year, according to the Economic Weekly.
“We can start production next year, ” said Greg Barnes, a geologist and owner of the company. Greenland ’ s deputy minister for minerals confirmed to the journal that a mining licence had been issued.
Barnes said the Tanbreez mine "contains more than half of the world's rare earth resources" and has 19 million tons of rare earth oxides.
Of these, 30% are highly favored heavy rare earth elements.
Rare earth contains a total of 17 kinds of metal elements, the properties of each metal are different.
Each metal has a unique industrial value.
Some of them are irreplaceable.
They are used, for example, in the manufacture of electric vehicles or wind turbines.
Last year, about two-thirds of Germany ’ s rare earths came from China. Mining such as rare earths is difficult and often harmful to the environment, as rare earths are often associated with iron ore, and the chemical process of refining often requires the use of acidic substances.
What is Rare Earth?
Barnes, owner of Tanbreez Mining, told Economic Weekly that to start mining for rare earths in Greenland, a factory would be needed to separate rare earths from heterosexual rocks.
Currently there are only such factories in Russia and China.
But one such plant will be built in the United States in the coming months.
There are also plans to build a factory in Europe.
Thanks to technological advances, the equipment that separates rare earths currently costs only $40 million.
According to Barnes, China paid 1.7 billion U.S. dollars for the equipment 13 years ago.
In January, Swedish state-owned mining company LKAB announced the discovery of Europe ’ s largest rare earth deposit to date.
But the company said it would take 10-15 years for the rare earth mine, located in Kiruna in northern Sweden, to be available to the market.
EU Plans to Diversify Rare Earth Supply Chain
(Agence France-Presse, Economic Weekly)
© 2023 Deutsche Welle Copyright Notice: All content in this article is protected by copyright law and may not be used without special permission from Deutsche Welle.
Any misconduct will lead to recovery and criminal prosecution.
DW.COM

What company has obtained permission to extract Greenland's rare earths?

What does Greenland's Tanbreez mine contain?

The European Union has signed a strategic partnership with Greenland to develop sustainable raw material value chains, including rare earth minerals.

The partnership aims to ensure environmentally responsible rare earth mineral extraction in Greenland with high ESG standards.

China is interested in developing rare earth mining in Greenland, with companies like Shenghe Resources having subsidiaries there.

What countries are invested in Greenland Minerals corp?

The Greenlandic government has banned uranium mining to prevent large-scale rare earth expansion.

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

Billionaires like Bezos, Gates, and Bloomberg are funding mineral searches in Greenland, including rare earth minerals.

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Content: Advertisement
Economics.
A race between financiers around the world to search for this substance in Greenland.
Interesting details!
10-08-2022 | 00: 49
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CNN reports that some of the world ’ s wealthiest people are funding large treasure hunts using helicopters and signal transmitters on Greenland ’ s west coast.
The climate crisis is causing Greenland ’ s ice to melt at unprecedented rates, ironically creating an opportunity for investors and mining companies looking for a treasure trove of important minerals capable of powering clean energy transitions.
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Search for minerals in Greenland
Many billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, are betting that what lies beneath the surface of the hills and valleys of Disco Island and Greenland ’ s Noswak Peninsula are important enough minerals to power millions of electric vehicles.
Speaking to CNN, Kobold Metals CEO Kurt House said: “We are looking for a deposition that will be the largest or second largest nickel and cobalt deposition in the world. ”
The disappearance of Arctic ice – both on land and in the ocean – highlights a unique dichotomy: Greenland is the zero point for the effects of climate change, but it could also be the zero point for the search for the minerals needed to provide solutions to this crisis.
For their part, representatives of Kobold Metals, a California-based mineral exploration company, said the billionaires ’ club is supporting the company financially.
Bezos, Gates and Bloomberg did not respond to requests from CNN for comment on the news, and Kobold Metals is partnering with Bluejay Mining to find precious and rare metals in Greenland, which are essential for building the electric vehicles and huge batteries needed to store renewable energy.
The Geological Survey of Denmark and Greenland said Greenland could be a hot spot for coal, copper, gold, rare earth elements and zinc.
The Greenland government has conducted several assessments on ice-free land and is aware of the country ’ s “ability to diversify the national economy through mineral extraction, ” the agency said.
(Arabic Post)
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Greenland may have large deposits of nickel, cobalt, coal, copper, gold, and rare earth minerals.

What does Greenland's Tanbreez mine contain?

KoBold Metals is searching for rare earth minerals in Greenland's Disko-Nuussuaq project with a $15 million budget through 2024.

Title:

Content: Science and Technology
Gates and Bezos pay $15 million to search for metals for electric cars
Thanks for reading the news about technology: Gates and Bezos pay $15 million to search for metals for electric cars and now with the details of the news
KoBold Metals, a mineral exploration company backed by Bill Gates, Jeff Bezos, former New York mayor Michael Bloomberg and founder of Bridgewater Associates, Ray Dalio, has entered into a joint venture with London-based Bluejay Mining to search for nickel, copper, cobalt and platinum used in electric vehicles in Greenland.
KoBold will spend about $15 million through 2024 to help Bluejay locate natural resources as part of the Disko-Nuussuaq project in mid-western Greenland.
Kurt House, CEO of Coppold, said: “The Disco area has seen a rare convergence of events in Earth ’ s history that could have led to the formation of world-class battery mineral deposits.
“We are excited to invest in Greenland ’ s emerging mineral sector and partner with Bluejay in light of its strong track record in Greenland and the outstanding potential of the Disko project. ”
Copper, nickel, cobalt and lithium are essential metals needed to produce electric vehicle batteries, and as a result, nickel demand growth from electric vehicles is expected to increase 14 times between 2030.
About 50% of the world ’ s cobalt, another major material for the manufacture of electric vehicles, is found in the Democratic Republic of Congo, and KoBold uses artificial intelligence, machinery and computing to search for raw materials for electric vehicles (EVs).
Bo Stensgaard, CEO of Bluejay, said: “We are delighted to have a partner at the Tech Innovation Summit for New Exploration Methods, backed by some of the world ’ s most successful investors.
In addition, Bluejay retains the ability to self-finance to maintain 49% ownership through production, giving external public investors the opportunity to invest alongside a private investment entity of this size.
You may also read.

How much is Kobold investing with Bluejay to search for electric car material in Greenland?

The Disko project has potential for copper, nickel, cobalt, and lithium deposits, key minerals for EV batteries.

The Arctic region's mineral resources, including Greenland, are valued at over $30 trillion, mostly from energy resources.

Title:

Content: The delayed Arctic.
Why does the development of natural resources of the Arctic zone of Russia stall - 07.08.2023 Ukraina.ru
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The delayed Arctic.
Why does the development of natural resources of the Arctic zone of Russia stall?
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Journalists and some experts like to talk about the innumerable riches of the Russian Arctic, and officials like to talk about its investment potential.
But the reality is much more complicated.
Mineral resources
The resource potential of the Arctic shakes the imagination, provoking fantasies about billions of states.
In the Arctic zone, most of the Russian reserves of gold (40%), chromium and manganese (90%), platinum metals (47%), indigenous diamonds (100%), vermiculite (100%), coal, nickel, antimony, cobalt, tin, tungsten, mercury, apatite (50%), phlogopite (60 – 90%) are concentrated.
The total estimated estimated resources of coal lying here are estimated at at least 780 billion tons, of which 599 billion tons are energy and more than 81 billion tons are coking.
It also produces 100% of diamonds, antimony, apatite, phlogopite, vermiculite, rare and rare earth metals, 98% of platinoids, 95% of gas, 90% of nickel and cobalt, 60% of copper and oil.
The total value of mineral resources in the depths of the Arctic regions of Russia is estimated to exceed $30 trillion.
Two thirds of that amount comes from energy.
And the total value of the explored reserves is 1.5 – 2 trillion dollars.
However, all this wealth is extremely difficult to get to, but it is even more difficult to start mining.
The problems are mass, they do not have an easy solution.
First, the Arctic zone has an extremely harsh climate, which imposes restrictions on the work of people, requires the use of special equipment (for example, shift buses), as well as special approaches in construction (pile foundations instead of tape).
Secondly, the Arctic territories, with the rare exception of the Murmansk and Arkhangelsk regions, are located at a considerable distance from transport communications, among which the railway plays a crucial role in the context of mining.
As a result, the farther away from the coastline, the higher the transport costs and the greater the dependence on the northern delivery, limited by a short navigation period and the presence of a specialized fleet, in particular icebreakers.
Simply put, there is no railway and a river / sea nearby – there is no chance of development: neither the equipment to start, nor the raw materials to take out.
Thirdly, the Arctic zone is not spoiled by the electric power infrastructure: power plants, power lines and power substations.
For any serious industrial equipment, tens (or even hundreds) of megawatts of power are needed.
The power plant itself is not taken from nowhere: it is not just necessary to build it, which rests on logistics, but also to provide fuel, as a rule, with fossil fuels, that is, to stretch a gas pipeline or lay a railway to deliver coal.
And if you look at the map of the energy system of Russia (not even the newest one is suitable), then its focal character in the Far East and the Arctic will immediately become noticeable.
As a result, any Arctic project, with the exception of providing settlements where both diesel and renewable energy are used, as well as military facilities, does not have a chance to implement due to the lack of electricity generation.
However, even in the Murmansk region or Siberia, the distance to the nearest power line can be tens of kilometers, which inevitably affects the cost of any mining project.
Thus, the extraction of anything in the Arctic inevitably rests on infrastructure issues (transport, electricity) and stumbles over harsh climatic conditions, including permafrost.
As a result, the huge resource potential of the Arctic beyond its hydrocarbon part, extracted on the shelf, should be treated very calmly, understanding the difficulties with the extraction of these minerals.
It is doubly safe to treat the assessment of the Arctic wealth, measured in trillions of dollars.
Now these riches are not worth anything since it is almost impossible to get them, and in 5-10 years their value in monetary terms will only increase due to inflation.
Thus, the farther away from the coastline, the more difficult it is to supply a large industrial enterprise and the higher the cost of an investment project for mining.
What will happen after Ukraine?
In 2007, a Russian polar expedition led by Arthur Chilingarov on a deep-sea vehicle reached the bottom of the Arctic Ocean under the North Pole and installed a Russian flag there.
How much does it cost to master the Artic
To understand the scale of the Arctic challenge, it is enough to give a few examples.
The first example.
Development of the Udokan copper deposit in the Trans-Baikal Territory, which is located at a respectable distance from the southern border of the Arctic zone of Russia.
Udokan is the largest in Russia and one of the largest undeveloped copper deposits in the world.
Work on “Udokan copper ” began in 2008, but commissioning work“ under load ” on the coarse crushing plant was carried out only in June 2023, that is, 15 years after the registration of a legal entity for the development of the deposit.
The launch of the first stage of the project for the development of a field with reserves of over 26.7 million tons of copper cost $2.9 billion, the launch of the second stage of the plant will cost $4 billion.
To develop the deposit, Udokan built 17 km of roads with a carriageway width of 6 meters, modernized railway infrastructure, and reconstructed the airport in the village of Chara.
Plus, from the nearest Chara substation, the company extended the transmission line to its substations with a capacity of 50 and 146 MW.
And this is not the Arctic, but the Trans-Baikal Territory, where there is something to pull power lines and lay railway branches.
Second example.
Baimsky GOK at the Chukotka gold-copper deposit Peschanka.
It is another of the largest undeveloped copper deposits in the world with reserves of 9.9 million tons of copper and 16.6 million ounces of gold.
The projected cost of capital construction of the entire infrastructure, which will allow processing 70 million tons of ore annually, will exceed $8.5 billion.
The GOK will be launched no earlier than 2028.
The power system of Chukotka is cut off from the Unified Power System of Russia, so for the Baimsky GOK, Rosatom Corporation is building four nuclear floating power units (PEB) on RITM-200 reactors with a capacity of 106 MW each, the construction cost of which in 2021 was estimated at 190.2 billion rubles.
Products from the GOK will be exported along the Northern Sea Route.
It is metals and raw materials that will be the main cargo transported on the NSR - container transportation on the NSR will always lose due to the need for ice wiring, as well as the smaller size of ice class container ships (the more containers the ship carries, the cheaper the cargo delivery).
The development of the NSR, unlike raw materials projects, is financed by the state: the plan for the development of the NSR until 2035 involves the allocation of 1.79 trillion rubles and an increase in cargo traffic along the NSR to 80 million tons by 2024 (34 million tons of cargo were transported in 2022, 2 million tons more than the plan) and 150 million tons by 2030.
It is assumed that the implementation of the plan will bring the Russian economy more than 13.2 trillion rubles of tax revenues and 31.5 trillion rubles of added value until 2035.
As you can see, the development of the NSR does not make sense without the extraction of minerals, and their extraction is impossible without the NSR.
What will happen after Ukraine?
Today, almost all the leading countries of the world show interest in the Arctic.
This also applies to those countries whose territory is located very far from the North Pole – including China, which is investing huge sums in its Arctic projects and is already preparing to build its own icebreaker fleet.
There's money.
So far.
As expected, the main problems in the development of the Arctic are technology and money.
Last year was extremely stressful for Russian business: ferrous metallurgy was under sanctions, oil companies lost access to the markets of unfriendly countries, and many investment projects stalled.
The already mentioned Baimsky GOK was built with the participation of KAZ Minerals, but the company stopped operating in Russia due to sanctions and transferred shares to Trianon Limited, owned by KAZ Minerals shareholders.
And such examples, if you delve into the topic, will be enough.
The situation is not so rosy with the financial issue: for the implementation of Arctic projects, money is needed from both corporations and the state.
However, the state is now actively financing hostilities, the integration and restoration of new territories into Russia, as well as national projects.
Accordingly, its ability to accelerate the development of the Arctic is limited, as well as the capabilities of corporations that had to restructure their investment plans on the go and not all raw materials projects are built into them.
The company "Elgaugol", controlled by "A-Property" Albert Avdolyan, is building a private railway line for the export of coal from the Elinsky deposit in Yakutia.
The fact is that the state Russian Railways is already implementing the project of expanding the Eastern Polygon (BAM and Transsib), so it cannot pull the construction of the railway branch.
And the Northern Latitudinal Passage, an important transport component of the development of the Arctic, was put on pause in November 2022 for the sake of the speedy expansion of the Eastern Polygon.
Therefore, the speed of implementation of Arctic projects depends on the general state of the Russian economy and finances, as well as the ability of the federal authorities to find a reasonable balance between the desire to replenish the federal budget and the needs of large businesses.
Alexei Podberezkin: If NATO sends its ships to the Arctic, nature itself will act on the side of RussiaSweden and Finland are relatively small states with tiny armed forces, so they add little to the strengthening of NATO ’ s combat capability, says Alexei Podberezkin, Director of the Center for Military-Political Studies at MGIMO
Of course, the basic level of funding for Arctic programs will remain, but additional money could seriously accelerate the project, which will be implemented not only by our children, but also by our grandchildren.
Otherwise, the postponed Arctic awaits us, but it will not cease to be ours - no one else has the spirit to live in the latitudes of Norilsk.
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Developing Arctic projects requires huge investments, hindering Greenland's rare earth mineral extraction.

China and Russia are among countries investing in Arctic mineral resources.

Global demand for rare earth minerals is expected to rise sixfold by 2030, driven by the green transition.

Title:

Content: China tightens rare earth regulations amid rising global competition

Company News

by Glenn Dyer

Are the growing number of rare earth projects in Australia and elsewhere starting to force China onto the back foot?

The likes of Lynas (and its expanded product line from 2025), Iluka, Northern Minerals, and Arafura (Nolans) are starting to be felt globally, along with projects in the US, Canada, southern Africa, Sweden, and Norway.

Chinese interests tried to sneak a takeover of Northern Minerals before being stopped by the Australian government last month.

China is obviously starting to feel the heat, and it has reacted defensively by restricting exports of some rare minerals, such as germanium and gallium. Now, the controls are being expanded.

For a tightly controlled, Communist Party-run country, it's odd that ownership has never been made explicit for such a key mineral.

On Saturday, the Chinese government unveiled a list of rare earth regulations aimed at protecting supplies in the name of national security.

The new rules, which start on October 1, will cover the mining, smelting, and trade in rare earths used to make products from magnets in electric vehicles to consumer electronics.

The regulations, issued by the State Council or cabinet, state that rare earth resources belong to the state, and that the government will oversee the development of the industry around rare earths.

That’s a group of 17 minerals, of which China has, in recent years, become the world's dominant producer, accounting for nearly 90% of global refined output.

Their global industrial significance is such that, under a law that entered into force in May, the EU set ambitious 2030 targets for domestic production of minerals crucial in the green transition—particularly rare earths due to their use in permanent magnets that power motors in EVs and wind energy.

The EU sees demand rising sixfold in the decade to 2030 and sevenfold by 2050.

The new Chinese regulations state the State Council will establish a rare earth product traceability information system.

Enterprises operating in rare earth mining, smelting, separation, and the export of rare earth products will be required to establish a product flow record system, shall "truthfully" record the flow, and shall enter it into the traceability system, the State Council said in a statement on Saturday.

China already last year introduced restrictions on exports of the elements germanium and gallium, used widely in the chip-making sector, citing the need to protect national security and interests.

It also banned the export of technology to make rare earth magnets, in addition to imposing a ban on technology to extract and separate rare earths.

Those rules fanned fears that restrictions in rare earth supplies might increase tensions with the West, particularly the United States, which accuses China of using economic coercion to influence other countries. Beijing denies the claim.

China's rare earth regulations also come as the EU gears up to impose provisional tariffs on Chinese EVs on July 4 to protect the 27-state bloc from what it says is a flood of EVs produced with unfair state subsidies, though both sides have said they plan talks on the proposed tariffs.

Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.

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The increasing demand may lead to further interest in Greenland's rare earth deposits.

The European Union aims to meet 10% of its rare earth demand by 2030, possibly by developing Arctic sources.

Title:

Content: Economy
International Finance
Norway Rare Earth Company: Europe ’ s largest mine bed found at 8.8 million tons
Rare Earths Norway says it has discovered Europe ’ s largest prospected rare earth bed in Norway, with an estimated total rare earth oxide (TREO) of 8.8 million tons.
Analysts believe that this will help Europe to counter China's dominance of rare earths.
The rare earth mine in Kiruna, Sweden, was previously thought to be the largest rare earth bed in Europe with a total of more than 1 million tons of rare earth oxides.
Alf Reistad, CEO of Norwegian Rare Earth, told CNBC that the discovery of a rare earth bed in Telemark, about 210 kilometers southwest of Oslo, is a "great milestone" for his company, which has not yet been mined in Europe.
He also quoted EU Commission President Von der Leyen as saying that rare earth elements will soon be more important than oil and gas.
Rare Earth Norway estimates that there are 1.5 million tons of magnetic-related rare earths that can be used in electric vehicles and wind turbines.
1.5 million tons of wading magnets can be used in electric vehicles
Demand for rare earths and key minerals is expected to continue to grow as the pace of the clean energy transition accelerates.
According to the EU ’ s “Key Raw Materials Law ”, the authorities strive to meet at least 10% of the EU ’ s annual rare earth demand by 2030. Norwegian Rare Earth Company said it hopes to contribute to this goal.
The market estimates that China currently contributes 70% of the global rare earth mining and 90% of the rare earth processing. In 2022, China is the largest source of rare earth element imports in the EU, accounting for 40% of the EU ’ s total rare earth element imports by weight.
(Roundup)
[International Finance]
Related Words: Largest European Rare Earth Norway
Previous / Next News

China dominates the global rare earth market, accounting for 70% of mining and 90% of magnet processing.

The EU and other countries may seek alternative rare earth sources, including Arctic ones, to reduce reliance on Chinese imports.

Possible deposits in Greenland include the Tanbreez mine and the Disko project, where KoBold Metals owns 49%.

Developing infrastructure and using AI are expected to facilitate the extraction of electric vehicle raw materials.

Greenland has the world's second-largest rare earth reserves.

What does Greenland's Tanbreez mine contain?

The country's rare earth minerals are crucial for electric vehicles and wind turbines.

Extraction of rare earth minerals in Greenland harms the environment, prompting companies to seek reduction methods, including building separation factories.

The EU plans to diversify its rare earth supply chain by exploring alternative sources and technologies.

NEO has a Greenland exploration license for rare earth metals and plans an Estonian magnet plant.

Title:

Content: A Canadian company has been granted a license to mine rare metals in Greenland.
© AP Photo / David Goldman Greenland ice melt August 3, 2017
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Toronto ’ s New Performance Materials, one of the few rare earth metal processors outside China, has obtained an exploration license in Greenland from Hudson Resources in Vancouver (Canada).
Washington - Sputnik.
“Through a special-purpose entity, NEO plans to explore and develop the Surfertog project to further diversify its global sources of rare earth ore and expand the supply chains that feed the company ’ s rare earth ore separation facility in Estonia, ” it said in a statement.
NEO CEO Constantine Karianopoulos told the New York Times that his goal was to reduce the company ’ s exposure to volatile global crude prices.
NEO buys semi-processed raw materials from Russia, the United States and Australia.
"Collects Rare Minerals"...
China enters the world of "space mining" with the launch of the first robot...
A picture.
The Surftog Carbonatite complex contains mineral deposits rich in neodymium and praseodymium, which are essential components of the rare earth permanent magnet used in electric vehicles, wind turbines, high-efficiency electric motors and pumps that help reduce greenhouse gas emissions.
NEO also plans to build a new permanent magnet manufacturing plant in Estonia to supply European manufacturers of electric and hybrid vehicles, wind turbines, and energy-efficient electric motors and pumps, the statement said.
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The company aims to reduce its exposure to crude price volatility and diversify its rare earth ore sources.

Title:

Content: A Canadian company has been granted a license to mine rare metals in Greenland.
© AP Photo / David Goldman Greenland ice melt August 3, 2017
Follow us via
Toronto ’ s New Performance Materials, one of the few rare earth metal processors outside China, has obtained an exploration license in Greenland from Hudson Resources in Vancouver (Canada).
Washington - Sputnik.
“Through a special-purpose entity, NEO plans to explore and develop the Surfertog project to further diversify its global sources of rare earth ore and expand the supply chains that feed the company ’ s rare earth ore separation facility in Estonia, ” it said in a statement.
NEO CEO Constantine Karianopoulos told the New York Times that his goal was to reduce the company ’ s exposure to volatile global crude prices.
NEO buys semi-processed raw materials from Russia, the United States and Australia.
"Collects Rare Minerals"...
China enters the world of "space mining" with the launch of the first robot...
A picture.
The Surftog Carbonatite complex contains mineral deposits rich in neodymium and praseodymium, which are essential components of the rare earth permanent magnet used in electric vehicles, wind turbines, high-efficiency electric motors and pumps that help reduce greenhouse gas emissions.
NEO also plans to build a new permanent magnet manufacturing plant in Estonia to supply European manufacturers of electric and hybrid vehicles, wind turbines, and energy-efficient electric motors and pumps, the statement said.
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The extraction of rare earth minerals in Greenland faces environmental challenges due to climate change.

Title:

Content: Greenland’s Melting Glaciers Spew a Complicated Treasure: Sand

Meltwater from the island’s ice sheet is loaded with the right kind of sand for concrete production—which further warms the planet.

Sand is both abundant and rare. Earth has vast deserts of the stuff, of course, but not the kind that’s in such high demand that sand mafias are killing for it. That special variety is a critical component of the concrete used in buildings and infrastructure, the production of which has skyrocketed exponentially over the last few decades. That has come at a significant climate cost: The industry now accounts for 8 percent of global carbon emissions.

Sand is also at the center of a strange climate story. Climate change is destroying Greenland’s ice sheet, producing an extraordinary amount of meltwater. (Even if we somehow totally stopped emissions today, Greenland’s melting could still contribute nearly a foot of sea-level rise.) And in a twist of fate, that meltwater is loaded with the right kind of sand for concrete production, which causes more warming and more melting. Great plumes of glacial sediment are swirling along the coast, actually adding land along the edges of the island. Even though Greenland is only three times the size of Texas, its ice sheet is the source of 8 percent of suspended river sediments flowing into the oceans.

The country now has to figure out whether exploiting that valuable, abundant resource on a wider scale would be environmentally, socially, and economically tenable. “It is quite controversial—we're saying Greenland can benefit from climate change,” says Mette Bendixen, a geographer at McGill University in Canada, who’s studying the idea. “Contrary to most of the other parts of the Arctic coast, Greenland is not eroding. It's in fact growing bigger, because the ice sheet is melting. So you can think of the ice sheet as a tap that pours out not only water, but also all the sediment.”

That sediment is special, indeed. Desert sand from, say, the Sahara is no good for making concrete because it’s too rounded and uniform. Over millennia, winds push those grains around, polishing them. If you make concrete out of such sand, “it's almost like building with marbles,” says Bendixen. “You want particles that are more angular in shape, not rounded. And that type of material is exactly what you get from rivers, for example, or material that has been deposited by glaciers.”

As Greenland’s ice sheet—which covers 700,000 square miles and is up to 10,000 feet thick—rubs against the land, it grinds up sediment, including sand, fine silt, and larger chunks of gravel. And as the ice melts, torrents of water carry all that debris to the sea, while the pounding of the rivers themselves further erodes the landscape. Compared to the thousands of years that sand spends rolling around the Sahara and becoming rounded, the particles coming off Greenland are fresher. They’re more angular and more diversely shaped. Instead of acting like marbles, they fit together like pieces of a jigsaw puzzle, which is good for concrete.

Greenland already harvests its sand for local, small-scale concrete production, since importing sand would be prohibitively expensive. This is limited to domestic companies, who have to win non-exclusive permits after passing environmental review by the government’s scientific advisers. They can also apply to export the sand, but that requires additional licensing. “We are basically also open for sand extraction aiming at export, but then it will be treated like any other mining activity,” says Kim Zinck-Jørgensen, of the Greenland government’s Mineral Licence and Safety Authority. “And for that you'll have a much greater setup with regulations and also environmental impact assessments, social impact assessments.”

Currently, dredging boats suck up sediment along the coast and filter out the sand, which is then brought back onshore. But if Greenland decides to scale up sand extraction for export, that would mean big ships would have to haul the stuff away to international ports. “It's important to stress that if you extract whatever natural resource, there will be environmental consequences,” says Bendixen. “But really, here the environmental consequences can be super broad.”

For one, those big ships will also be bringing in ballast, or the water they’ve collected from elsewhere and stored in their hulls for balance. If that ballast is released off the coast of Greenland, it may introduce invasive species. And, of course, dredging coastal sediments would further endanger underwater native creatures—and on land, increased mining operations might scare away the game that Inuit hunters rely on. (Greenland’s population is about 90 percent indigenous Inuit. The Greenland branch of the Inuit Circumpolar Council, an NGO representing Inuit peoples, declined to comment for this story.)

Interestingly, though, last month Bendixen and her colleagues published a survey of Greenlanders about their opinions on sand extraction. They found that 84 percent of adult residents are in favor of it, and three-quarters want it to be a national project. “It turns out that the vast majority of Greenlanders think that it should be primarily a Greenlandic enterprise,” says Rasmus Leander Nielsen, a political scientist at the University of Greenland, who did the survey with Bendixen. “Maybe you could have some smaller-scale, Greenlandic-led companies that could start off. And then eventually, when the business case is more favorable, then we could go into a larger export.”

About that business case: While the global demand for sand has gone wild, the economics of exported Greenland sand aren’t yet clear. A company would have to pay to run the local operations and foot the shipping costs to get the resource off the island. Those will be considerable, since sand is heavy and takes up a lot of room in a ship.

The Greenland government recently worked with a consultancy that did an assessment, finding that exporting the sand to Europe isn’t economically feasible at the moment. “Whether it's feasible to export it further on to the Middle East, I don't know,” says Thomas Lauridsen, chief adviser to Greenland’s Ministry of Mineral Resources and Justice. “But we will then be in competition with European companies that will dredge sand in Europe or closer to the customer.”

Lauridsen adds that it’s up to the private sector to determine whether selling Greenland’s sand is cost-effective or not. And that export cost calculus may change in the future. “By 2100, the demand for sand is going to rise 300 percent, and the price 400 percent,” says Bendixen. “So we don't have to look that much farther into the future to start seeing a different calculation here in terms of whether it's worthwhile.”

Yes, a world with more sand harvesting for making more concrete would also mean more carbon emissions, more warming, and more melting of Greenland’s ice sheet. But, Bendixen says, all that glacial sand need not go exclusively toward concrete. Coastal communities are increasingly clamoring for sand to hold back rising seas, a fortification known as beach nourishment. “Just think of the irony in using the sand for beach nourishment to mitigate sea-level rise,” says Bendixen, “which is caused by—to a large extent—the melting of the Greenland ice sheet!”

The Greenland government has banned uranium mining, halting the Kuannersuit rare earth deposit's development.

What has Greenland done to undermine Chinese efforts to establish a foothold in the Arctic region?

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

Which Greenland rare earth deposits has its Parliament prohibited from developing?

The country has signed an EU partnership for sustainable raw material development and high ESG standards.

Companies like KoBold Metals and Bluejay are investing in Greenland's mineral sector, which has emerging investment potential.

Denmark and Greenland have potential mineral hotspots that could lead to further rare earth development.

Bill Gates, Michael Bloomberg, and Jeff Bezos are funding mineral searches in Greenland to diversify its economy.

Greenland's ice-free land is being assessed for potential large-scale mineral extraction.

The country has the world's second-largest rare earth reserves, with the Guanast mine producing 10% of the global total.

The extraction of rare earth minerals in Greenland faces significant obstacles due to environmental concerns and regulatory hurdles.

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

The EU and Greenland have signed a strategic partnership on raw materials to promote sustainability and high governance standards.

The partnership focuses on sustainable mineral resource exploitation through infrastructure, capacity, and skills development.

Greenland has revoked a Chinese mining license and banned uranium mining.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

What has Greenland done to undermine Chinese efforts to establish a foothold in the Arctic region?

The government has banned uranium deposit exploration after the Inuit Ataqatigiit party won an election on an environmental platform.

New prime minister Mute Egede opposes the Guanast Rare Earth Mine, the world's second-largest rare earth reserve.

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

Sungho Resources has acquired a 12.5% stake in Greenland Minerals.

The Greenland government regulates the rare earth sector to ensure responsible operations.

Why AEX consider Greenland a favorable mining location?

The country's mineral sector is expected to drive sustainable economic growth.

The government prioritizes high environmental and social governance standards in the rare earth mineral sector.

The EU and Greenland cooperate to develop the rare earth mineral sector.

Greenland is eligible for EU funding for research on rare earth minerals.

The government provides Earth observation data to facilitate rare earth mineral development.

The government regulates mining licenses, including rare earth mineral extraction.

Why AEX consider Greenland a favorable mining location?

Greenland revoked a Chinese company's mining license, enforcing regulations in the rare earth sector.

What has Greenland done to undermine Chinese efforts to establish a foothold in the Arctic region?

What has Greenland's new prime minister Mute Egede pledged to do regarding Kuannersuit rare earth mining?

Greenland is rich in minerals, including iron ore and rare earth minerals.

What does Greenland's Tanbreez mine contain?

30% of oxides are highly sought after heavy rare earth metals

The government banned uranium mining, impacting the rare earth mineral sector.

Greenland has rare earth mines, such as Kuannersuit, operated by licensed companies.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

The government offers licenses to companies, including those extracting rare earth minerals.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

Why AEX consider Greenland a favorable mining location?

Companies in Greenland must pay guarantees to ensure responsible mining operations.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

The government demands the cleanup of abandoned mines to protect the environment and local communities.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

Greenland requires the return of geological data to inform future rare earth mineral development.

Title:

Content: The government of Greenland, which is located in the Arctic, said on Monday it had revoked the license of a Chinese mining company to mine an iron ore deposit near the capital, Nuuk.
The move has dealt a blow to efforts by Chinese companies to gain a foothold in the resource-rich Arctic region.
China ’ s General Nice took control of the Isua mine in 2015, replacing bankrupt London Mining.
Junan became the first Chinese company to acquire mining rights in Greenland.
Greenland is an autonomous region of Denmark and is rich in minerals.
As a result of the warming climate, waterways have been opened, allowing the resources of the Arctic Island to be developed and utilized.
The Greenland government pointed out that the mine was idle and Junan did not pay the agreed guarantee and therefore withdrew its license.
Once Junan returns the license, Greenland will re-offer it to interested companies.
At present, the government of Greenland has asked Junan to return all the geological data, pay the remaining 1.5 million Danish kroner (about $226,000) of the deposit, and clean up the mine.
The London mine, which was granted mining rights in 2013, initially planned to employ 2,000 Chinese workers to mine, with a goal of supplying about 15 million tonnes of iron ore to China each year.
Greenland banned uranium mining this year, blocking mining in the Kuannersuit region, one of the world ’ s largest rare earth mines and partly owned by a Chinese company.
Junan tried to buy an abandoned naval base in Greenland from Denmark in 2016, but sources told Reuters at the time that the Danish authorities had rejected the proposal for security reasons.
# Greenland # Junan # Mining # China # Mining

The government issues mining licenses for rare earths, including the Tanbreez Mining project.

What company has obtained permission to extract Greenland's rare earths?

Tanbreez Mining is expected to start production in 2024, establishing Greenland as a significant rare earth minerals producer.

What company has obtained permission to extract Greenland's rare earths?

The mine contains 19 million tons of rare earth oxides, one of the world's largest deposits.

What does Greenland's Tanbreez mine contain?

The mine contains 30% heavy rare earth elements, crucial for certain technologies.

What does Greenland's Tanbreez mine contain?

30% of oxides are highly sought after heavy rare earth metals

Greenland's rare earths are used in electric vehicles and wind turbines, a critical part of the renewable energy sector.

The mine holds over half of the world's rare earth resources.

What does Greenland's Tanbreez mine contain?

19 million tons of rare earth oxides
over half of rare earth resources

A factory with significant investment and equipment is needed to separate rare earths from rocks.

Separating rare earths requires $40 million in equipment, highlighting the sector's significant development costs.

How much will it cost to build a facility to separate and extract rare earth minerals?

The EU plans to diversify its rare earth supply chain by increasing domestic production.

The EU plans to diversify its rare earth supply chain by increasing domestic production.

The EU plans to diversify its rare earth supply chain by increasing domestic production.