We speak with Greenland’s Minister for Mineral Resource Mr Múte Bourup Egede.
CEO Insight: A pivotal part of the mineral policy in Greenland is to ensure that companies recruit from the local area. Can you provide a brief account of Greenland’s natural abundance of mineral deposits and its strategic global location?
Múte Bourup Egede: Greenland is one of the remaining frontier regions of the world in regard to mineral exploration. It is a vast, under-explored region with considerable potential for new discoveries and with known potential for a wide range of commodities including gold, nickel, platinum-group elements, copper, zinc-lead, rare earth elements, industrial minerals, titanium, diamonds and other gemstones. Despite being largely covered by the inland ice, the exposed rock area of Greenland is approximately the size of the Sweden. Greenland shares common geology with parts of northern Scandinavia and Arctic Canada and therefore should share similar styles and numbers of economic mineral deposits. Yet while currently there are over 90 operating mines in Sweden, Norway and Finland combined, there are currently none in Greenland.