US Eyes Greenland Rich Mineral Resources

At the beginning of his term as the President of the United States of America, Donald Trump shone the global spotlight upon Greenland, which is a semi-autonomous region of Denmark. Actually, Greenland is about 2 million square kilometers and roughly the size of the Democratic Republic of Congo.

According to the Greenland’s Mineral Resources Authority (GMRA), Greenland has rich deposits of copper, diamond, iron, gold, graphite, nickel, titanium, tungsten, uranium, vanadium, zinc as well as a host of Rare Earth Elements (REE). As a matter of fact, Greenland has significant reserves of 25 out of the 34 #CriticalMinerals listed by the European Commission.

The Kvanefjeld deposit is considered to contain one of the largest rare earth reserves in the world. Greenland also boast enormous reserves of oil and gas.

Most of the 57,000 population lives on the coast with a concentration on the southwestern side. The large interior is largely undeveloped with no roads or rail.

This implies that developing mines in the interior might require substantial infrastructural costs. The extreme artic cold with snow for a good part of the year add another level of difficulty.

Trump offered to buy Greenland but Greenlanders found the proposal preposterous and vehemently responded that their land is not for sale.