In this aerial view melting icebergs crowd the Icefjord on July 16, 2024 Near Ilulissat, Greenland.
Sean Gallup | Getty Images News | Getty Images
Major ice loss from greenland is exposed the island’s natural resources, inadverted Critical Mineral Reserves More accessible.
Greenland, a vast but sparsely populated island situated between the Arctic and North Atlantic Oceans, has been transfored by the Climate Crisis in recent decades.
A Major Analysis of Historic Satellite Images, Published Last Year by Researchers at the UK’s University of Leeds, Showed That The Autonomous Danish Territory is Turning Increasingly Green Due to Human-caused global warming,
The changing environment has seen parts of greenland’s ice sheet and glaciers replaced by wetlands, areas of shrub and barren rock.
Scientists have reepeated Sounded the alarm Over the melting snow and ice on the island, warning the loss of ice mass risks incrected Greenhouse Gas Emissions and Rising Sea Levels,
For Mining Companies, Greenland’s Ice Retreat could facilite the start of a mineral “gold rush.”
Landscape, on the drygalski peninsula, with icebergs in the uummannaq fjord system in the Northwest of Greenland, North of the Polar Circle.
Reda | Universal Images Group | Getty Images
“What’s Happening Now is Interesting BeCause The Watters Around Greenland Are Opening Up Earlier and Earlier Each Year and Closing Down Later and Later Each Year. Er Than it was 20, 30, 40 or 70 years ago, “Roderick Mcillree, Executive Director of UK-Based Mining Company 80 Mile, Told CNBC via VIDEO VIDEO CALL.
“Now, the ice probally really forms for three or four months in the very Northern Latudes and the Rest of the Country Is Seeing Recited Ice Caps that is Exposing Rocks and Potental Mainral Deele Een Before, “He Added.
80 Mile Currently Has Three Projects It is Activly Developing in Greenland, Including a Large Oil Concession on the Island’s East Coast, A Titanium Project Near the Us PuSe in the North Ko-nuussuaq project in the southwest.
Underlining the island’s strategic potential as a globally significant mining hub, mcillree said the firm’s disko project group be one of the largest occurrens of nickel and copper on the plan.
A geopolitical story
Tony Sage, CEO of Critical Metals Corporation, Which is Developing One of the World’s Larget Rare Earth Assets In Greenland, Said Ice Melt on the Island Had Done the Mining Company “ENORMANY SAING Oint.
Sage said the company had been able to brings in large ships directly from Had been alle to Make use of a floating dock rather than a port.
A Boat Carrying Tourists Manoeuvres Among Icebergs Floating in Disko Bay, Ilulissat, Western Greenland, on June 30, 2022.
Odd Andersen | AFP | Getty Images
“You can imagine, it’s emier now to do these things. If you go into russia, for example, in siberia, it’s under a lot of permafrost and ice and they go to mine a lot of minerals, a lot of mineraals, AS . So, yes, there will be a mini gold rush into greenland, “Sage Told CNBC Via Video Call.
AlongSide Greenland’s Harsh Climate, Remote Landscape and Small Population, Sage Highlighted a Lack of Infrastructure as a Barrier for Mining Companies to overcom.
“It’s just logistics. The Danes Never Built a Railway (and) Didn Bollywood bike any roads,” Sage said.
“Once you’re outside of these little towns and cities, there are no roads. So, if you want to go in better, for example, qaqortoq, where we are, to nuuk, to take, you have to take to take a helicopter. is the isesue that you’ll have with a gold rush, “He added.
Greenland, which has long pitched itself as a western alternative to china’s near monopoly on rare earth elements, have been thought into the Center of a Geopolitical Storm in recent weeks.
Us President-Elect Donald Trump has been expressed his desire to Gain control of the territory, describing the prosepect as an “Absolute Necessity“For purposes related to national security.
Speaking at a news conference earlier in the month, trump refused to rule out the possibility of using military for force to make greenland a part of us
Greenland Prime Minister Mute Egede said Monday that island is open to closer ties with us, particularly in areas such as mining. Egede has previously insisted greenland is “Not for Sale“And Called for the International Community to Respect the Island’s ASPIRATIONS For Independence.
Early stages
Jakob Kløve Keiding, Senior Consultant at the Geological Survey of Denmark and Greenland (Geus), said a 2023 Surveyy of Greenland’s Resource Potential evaluated a total of 38 raw materials on the island, the Vast Majority of which have a relatively high or modarat potential.
These Materials include the rare earth metals graphite, niobium, platinum group metals, molybdenum, tantalum and Titanium. Greenland is also known to have significant laithium, hafnium, uranium and gold deposits.
Critical menrarals refer to a SubSet of Materials Considered Essential to the Energy Transition. The end-by of these materials, which tend to have a high risk of supply chain disrupt, are wide-ringing and include Electric Vehicle Batteries, Energy Storage Technologies and National Security Applications.
A woman looks out from a tour boat as it sails away from a glacier between maniitsoq and sisimiut, west coast of greenland on September 4, 2024.
James Brooks | AFP | Getty Images
“There is huge potential (in greenland) but, at the moment, there is not actually much mining going on,” Keiding Told CNBC via Telephone.
“Greenland is what we would call a greenfield exploration area Deposits with Known Resources. “
Keeding Issured A Note of Caune asked About The Prospect of a Mineral Gold Rush, Saying That While Greenland’s Retrating Ice May Remove Somes Logistical Hurdles, Progress in TERMS OF ExTREMS OF ExT Quite some time. “
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