Inside the race for Greenland's mineral wealth

Quick Summary:

The territory's untapped mineral wealth has caught the eye of both mining firms and Donald Trump.

And it plans to ramp up production this year, where it has built a brand new processing plant to crush the ore and refine the precious metal into gold bars."We can either walk off site every month with a suitcase of gold, versus a 30,000 tonne ship [carrying the ore]," explains Mr Olafsson.

Christian Kjeldsen, director of Greenland's Business Association, says that the global "geopolitical situation right now is driving interest in the world's biggest island".

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Article Details

Category: Business

Markets: United KingdomAustraliaChinaDenmarkGreenlandIcelandSouth Africa

Topics: Local Gold Territory Minerals Greenland Mining Business Says

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 00:01:44 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1355 words

Reading Time: 8 minutes read

Sentences: 58 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 25470817

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