Advocates for the Establishment of a National Mining Company on Greenland
There is great interest in Greenland's raw materials. (Photo: Pro Studio)
With certain limitations, the Greenlandic party Inuit Ataqatigiit says yes to mining in its political program. The Arctic island's election is this week, on March 11th.
The Greenlandic party Inuit Ataqatigiit (IA) wants to work toward establishing a new national mining company, and will conduct conversations with other Greenlandic parties on the matter.
The newspaper Sermitsiaq has reported on the matter, referring to the party's political program. The Greenlandic election will take place this week, on March 11th.
Sermitsiaq reports that from 1999 to 2015, Greenland had a partly national-owned mining company called Nunaminerals.
Mining - with limitations
In its political program, the Greenlandic party supports mining but opposes the extraction of uranium, oil, gas, and deep-sea minerals.
"Inuit Ataqatigiit is positive toward mining while also calling for limitations concerning the environment. Therefore, we say yes to mining, but no to the extraction of uranium, no to the extraction of oil and gas, and no to deep sea mining," reads the program.
"We welcome foreign investments as long as the country's laws and regulations are respected," they continue.
Great interest
Greenland's bedrock is rich in minerals and other resources, such as gold, gemstones, lead, zinc, graphite, and other rare earth metals.
This has created great interest in the island from international exploration companies and among great powers such as the United States and China.
As is well known, the Arctic island has also recently been in the spotlight of the new US administration, with President Donald Trump's desire for American ownership and control over Greenland.
