Greenland’s supplies could reshape the world market

Report by Greenlandminerals

Greenland’s supplies could reshape the planet market place. Last December, Greenland’s government gave the Australia-based mining business Greenland Minerals and Energy Restricted the go-ahead to investigate the Kvanefjeld website on the south-western tip of the territory. The company believes that this web site could meet at least a quarter of existing demand for uncommon earth metals, with a potential four.7 million tonnes of r. e. oxide in the ground, plus sizeable deposits of uranium and zinc.

Arctic island could be on the brink of a contemporary-day gold rush.

Greenland has grow to be the location of option for politicians on ‘climate change’ tours. But in future guests might be just as keen to examine what is beneath the ice as the melting glaciers above it. Greenland, the world’s largest island and the only territory ever to leave the European Union, has vast and almost untouched stores of gold, gemstones, iron and precious r. earth metals.

Now Greenland could be on the brink of a contemporary-day gold rush. For Jens B. Frederiksen, the deputy prime minister, who is responsible for the country’s infrastructure, such as transport and power, there is enormous possible in Greenland’s organic resources, particularly the unusual earth metals.

“We are very aware of the political scenario throughout the world exactly where China is dominating the market place, and we know how huge the require is in the western globe for uncommon earth metals, so there are a great deal of possibilities in these minerals,” he said in an interview with European Voice earlier this month.

R. earth metals, a group of 17 components utilised in the manufacturing of scores of hi-tech items from mobile phones to wind turbines, have taken on geopolitical significance since China temporarily blocked shipments to Europe, the US and Japan in 2010, and introduced export restrictions for 2011. Greenland, the world’s biggest island and the only territory ever to leave the European Union, has vast and virtually untouched shops of gold, gemstones, iron and treasured uncommon earth metals.

Now Greenland could be on the brink of a contemporary-day gold rush. For Jens B. Frederiksen, the deputy prime minister, who is responsible for the country’s infrastructure, like transport and energy, there is massive possible in Greenland’s organic sources, particularly the uncommon earth metals. The organization believes that this web site could meet at least a quarter of present demand for rare earth metals, with a prospective 4.7 million tonnes of rare earth oxide in the ground, plus sizeable deposits of uranium and zinc.

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