Greenland looks to Denmark for mineral investment

Greenland’s top politician has encouraged Copenhagen to invest in his country ahead of an imminent boom in developing local mineral resources.

Prime Minister Kuupik Kleist made his appeal in the Copenhagen-based Politiken newspaper, saying it would be a shame for Denmark to lose out on investing in the country’s promising mineral industry considering its history and close relationship with Greenland.

Kleist wrote, “The alliance between Denmark and Greenland has been incredibly beneficial for both. Isn’t it about time that we, after 300 years of history […] openly declare the love and mutual esteem we have for one another?”

Danish Prime Minister Helle Thorning-Schmidt has since responded positively. She told Politiken, “If the Self-Rule administration wants to strengthen the co-operation between Denmark and Greenland in the resources field, the government is naturally open to discuss it.”

The news comes following in-depth negotiations between Nuuk and Chinese investors, who pledged DKK 12 billion (EUR 1.6 billion) toward developing the Greenland’s mineral industry.

Greenland is thought to contain one of the planet’s largest deposits of valuable rare earth minerals outside of China. Rare earth minerals are a key ingredient in the production of electronics and numerous other consumer goods.