Greenland possesses some of the world’s largest concentrations of rare earth minerals, with major deposits such as Kuannersuit (Kvanefjeld), Tanbreez, and the Sarfartoq carbonatite complex, located predominantly in southern Greenland.

The Tanbreez site is estimated to contain over 19 million tons of rare earth oxides, with about 30% classified as high-value heavy rare earth elements, positioning Greenland among the leading potential suppliers globally.

The Kuannersuit deposit, though one of the largest outside China and containing substantial reserves, is currently undeveloped due to a governmental ban on uranium mining; this restriction stems from environmental and political concerns since rare earths there are geologically linked to uranium.

The Sarfartoq site, rich in neodymium and praseodymium—critical for permanent magnets in green technologies—is under exploration by NEO Performance Materials, a Canadian firm.

Extraction presents considerable challenges.

Greenland’s deposits are remote, creating logistical and infrastructure hurdles.

Environmental risks are significant due to processing techniques and radioactive byproducts, enforcing the need for strict regulatory compliance and extensive community consultation.

Infrastructure for transport and energy is variable but more developed in some southern regions, with both government and EU investment targeting further improvements.

International interest is robust.

Chinese firm Shenghe Resources took a controlling stake in Greenland Minerals but was impeded by uranium regulation.

Wealthy private investors including Jeff Bezos and Bill Gates are funding exploration through ventures like Kobold Metals and Bluejay Mining, mainly along the west coast.

The EU has entered a strategic partnership with Greenland, focusing on sustainable supply chain development for critical raw materials, aiming to secure new sources for European industry.

Greenland possesses some of the world’s largest concentrations of rare earth minerals, with major deposits such as Kuannersuit (Kvanefjeld), Tanbreez, and the Sarfartoq carbonatite complex, located predominantly in southern Greenland.

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 does Greenland's Tanbreez mine contain?

The Tanbreez site is estimated to contain over 19 million tons of rare earth oxides, with about 30% classified as high-value heavy rare earth elements, positioning Greenland among the leading potential suppliers globally.

Title:

Content: Greenland to mine rare earths in 2024 | Economic Horizontal | DW | 30.07.2023
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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 does Greenland's Tanbreez mine contain?

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

The Kuannersuit deposit, though one of the largest outside China and containing substantial reserves, is currently undeveloped due to a governmental ban on uranium mining; this restriction stems from environmental and political concerns since rare earths there are geologically linked to uranium.

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

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

The Sarfartoq site, rich in neodymium and praseodymium—critical for permanent magnets in green technologies—is under exploration by NEO Performance Materials, a Canadian firm.

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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Extraction presents considerable challenges.

Greenland’s deposits are remote, creating logistical and infrastructure hurdles.

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!”

Environmental risks are significant due to processing techniques and radioactive byproducts, enforcing the need for strict regulatory compliance and extensive community consultation.

Title:

Content: Expert: Algeria is sleeping on a precious treasure
Money and Business
Copy Link https: / / en.rt.com / trfy
Economist Abdelkader Soleimani considered that Algeria sleeps on an "inexhaustible treasure" and a considerable wealth, where there are 38 classical minerals on its soil, along with a significant stockpile of rare metals.
He pointed out that these minerals or dust, although important, require exploitation.
He stressed the need to control the technology of extraction and refining because they are toxic materials and control the tracks of mining, any conversion from dust to alloys, with the need for a formative system, a general orientation and a clear economic vision.
Economist Abdelkader Soleimani said in a statement to Al-Khobar: "It is beautiful that Algeria has an important stock of rare earth or minerals, whether the reserve is in the range of 10 or 20 percent, because there are no studies and accurate surveys in the field, but the valuation of such minerals will require control of extraction and refining technology, as they are toxic materials as well as mining."
The expert pointed out that rare earth metals or rare earth elements as defined by the International Union of Pure and Applied Chemistry, are a group of 17 chemical elements in the periodic table, specifically scandium, etrium, and lanthanides, and rare earths have become an important material in green manufacturing, but the problem lies in the difficulty of extraction and processing, especially as they are very polluted to nature, which requires control of technology and qualified labor. and refining. ”
The expert pointed out that rare earth or rare earth has returned to the forefront, especially with the statement of French President Emmanuel Macron on the possibility of cooperation between Algeria and France in the development of these minerals or rare earth, adding that "the world is witnessing a huge technological revolution and means of communication such as phones, for example, when we take the iPhone, we find that it contains eight rare metals. The exploitation and development of the exploitation of these minerals, and the intensification of competition between China, America and Britain in particular, makes them important. ”
Soleimani noted in the same context, "The trade of rare earth represents about $1.5 billion, but its importance lies in its multiple and diverse uses, including military, technological and electric vehicles.
It is noted that minerals are present in most countries, but the refining and conversion process is especially present in China, because exploiting them requires heavy and modern equipment and very sophisticated technological means, the huge capacity of mining in China makes it control 85% of the production and trade of rare soil oxide and 90% of magnetic materials.
On the other hand, the economist stressed that President Abdelmadjid Tebboune has already stressed the value of natural resources, pointing out the importance of adopting accurate studies and surveys to determine the actual capacities, whether in terms of stocks or reserves, to ensure attracting investments in the field, with the adoption of a vision to ensure a surplus of value, with the establishment of factories for refining, conversion and mining. For example, the amount of iron converted is sold at about $500 per ton, for example, that is, ensure the production of wealth, employ labor, activate a handling network and achieve comprehensive and sustainable development, with the achievement of metal poles in mining production and conversion.
The expert stressed the need for training and qualification in the field of mining, while establishing partnerships with countries experienced in the field, whether for China, South Africa or others, and avoiding the export or sale of raw materials.
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Infrastructure for transport and energy is variable but more developed in some southern regions, with both government and EU investment targeting further improvements.

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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International interest is robust.

Title:

Content: Warming promotes Arctic hegemony: NATO seeks to include Finland, Sweden expansion, China and Russia join hands to create a "Silk Road on Ice"
North Pole ｜ Photo Credit: GettyImages
What we want you to know is
The Arctic contains about 90 billion barrels of undiscovered oil and 44 billion barrels of recoverable natural gas liquids.
NATO is trying to expand its sphere of influence in the Arctic region. Finland officially joined NATO on April 4 this year, becoming the 31st country in the alliance, and there is an ongoing search for a consensus within the alliance for Sweden to join the organization.
China ’ s leader, Xi Jinping, and officials in charge of Arctic policy, want to make China an “Arctic power ” by 2030, working with Russia to build an“ ice silk road. ”
According to the Washington Post, Fair Observer, as global warming accelerates the melting of the Arctic, coupled with the continuation of the Russian-Ukrainian war, the resources, shipping and military status of the Arctic region have gradually increased, and it has also triggered competition from Russia, China, the United States and NATO.
Russia, which has the largest number of military bases and icebreakers in the Arctic, is currently leading the “Arctic War ” and China is trying to build the“ Silk Road on Ice ”.
The US aircraft carrier docked in Norway for the first time in 65 years in May, and NATO is also trying to expand its power in the Arctic region by including Finland and Sweden.
Why is the Arctic so important?
According to the Fair Observer report and NASA ’ s report, global warming is rapidly melting the Arctic.
In the case of Greenland, the region loses about 270 billion tons of ice a year. While polar melting puts many countries at risk of rising sea levels, it also provides many countries with new trade routes and access to more natural resources.
The Arctic is rich in oil and natural gas, as well as minerals such as iron ore, copper, nickel, zinc phosphate and diamonds.
According to the U.S. Geological Survey in 2008, the Arctic contains about 90 billion barrels of undiscovered oil and 44 billion barrels of recoverable natural gas liquids.
The Arctic melt has also opened up new trans-Arctic routes, including the Northern Sea Route (NSR) and the Northwest Passage (NWP), which enable countries to reach places at shorter distances, driving trade and economic growth.
For countries such as the United States, Russia, Canada, Denmark, Norway, Sweden, Finland, and Iceland, successful development of these waterways is bound to benefit them.
With the outbreak of the Russo-Ukrainian War, relations between Russia and Western countries have deteriorated rapidly, and the difficulty of cooperation in the development of the Arctic has also increased.
Russia and the West who can advance the development of the Arctic, can gain a huge strategic advantage, especially the Russian-Ukrainian war weakened Russia's military power, the resources of the Arctic is of vital importance to Russia.
The efforts of countries in the "Arctic War"
Russia is leading
Since 2005, Russia has reactivated dozens of Soviet-era Arctic military bases in the region, doubling the number of bases in the region as a whole, ahead of the West by at least a decade.
In addition, Russia has seven nuclear-powered icebreakers and about 30 diesel-powered icebreakers, compared with only two diesel-powered icebreakers each for the United States and China.
The United States and China may be global superpowers, but Russia is an Arctic superpower.
China tries to cooperate with Russia
According to the Washington Post and Fair Observer, China is enhancing its position in the Arctic region through cooperation with Russia in energy extraction at many ports and airports.
China is also actively investing in Russia ’ s infrastructure, ports and naval vessels to deepen its interdependence with Russia in the region.
China ’ s leader, Xi Jinping, and officials in charge of Arctic policy hope to make China an “Arctic power ” by 2030 by working with Russia to build a“ Silk Road on Ice. ”
NATO pushes Finland, Sweden to join, US aircraft carrier docks in Norway
The Washington Post pointed out that in order to expand its influence in the Arctic region, NATO has worked hard to promote Nordic countries to join NATO in the past two years.
Finland officially joined NATO as the 31st country on April 4, 2023, and a consensus is being sought within NATO for Sweden to join the organization.
In addition, Norway, another Nordic country, deepened its relationship with the United States this year. In May, an American aircraft carrier docked in a Norwegian port before participating in a NATO military exercise, making its first stop in Norway in 65 years.
In addition, US Secretary of State Antony Blinken recently visited Norway and announced the establishment of a diplomatic embassy in the country.
Diplomats arriving in Norway will also be the first to be stationed in Norway since the 1990s.
The “balance of power ” in the Arctic
Western countries worry that in the future, Russia may try to block trade routes from the Arctic to Europe, and may also block U.S. Navy submarines from entering the Arctic, especially in the waters near Greenland, Iceland and the United Kingdom.
According to the Washington Post, an anonymous Western intelligence source said, “Russia ’ s blockade of the region and its ability to disrupt Western reinforcements will put a lot of pressure on NATO militarily. ”
According to Marc Lanteigne, an associate professor in the Department of Political Science at Tromsø University and an expert on Arctic affairs, "What can be expected is that in the future, NATO, China and Russia will definitely reach a tacit balance of power in the Arctic region."
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Chinese firm Shenghe Resources took a controlling stake in Greenland Minerals but was impeded by uranium regulation.

What countries are invested in Greenland Minerals corp?

Which company has become the largest sharesholder in Greenland Minerals?

Wealthy private investors including Jeff Bezos and Bill Gates are funding exploration through ventures like Kobold Metals and Bluejay Mining, mainly along the west coast.

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Economics.
A race between financiers around the world to search for this substance in Greenland.
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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.
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The EU has entered a strategic partnership with Greenland, focusing on sustainable supply chain development for critical raw materials, aiming to secure new sources for European industry.

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Content: Friday 01 December 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
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.