1/14/13, "Greenland rejects EU request to bar some states from rare earths," Reuters
"Greenland's prime
minister said on Monday he has rejected requests from the European
Union to block access to its deposits of rare earths, strategically
important metals in which China has a near monopoly.
Greenland, semi-autonomous from
Denmark, has some of the biggest deposits of these elements, used in
weapons, telephones and medical scanners. Rare earths prices have held
at high levels after soaring in 2011 when China restricted exports.
"It's not fair to ask Greenland to play that
kind of significant role in balancing the powers, like to protect
others' interests more than protecting, for instance, China's," Prime
Minister Kuupik Kleist said on a visit to Copenhagen.
At
a news conference, he told journalists that he had discussed securing
Greenland's minerals for Europe with an EU parliamentary committee.
Kleist
said Greenland was in no position to exclude investors from any
particular country unless there was a specific issue, and that he was
aware of the responsibility that came with granting access to its
mineral deposits.
"Greenland is
open for investments from the whole world, taking into account that the
investors accept the regulations and requirements from Greenland in
doing so," he said.
The north
Atlantic island, whose nation is not part of Denmark's membership of the
European Union, is next to sea lanes that are becoming increasingly
important as the Arctic melts.
One
deposit alone, in southern Greenland, being explored by Australia's
Greenland Minerals and Energy, may contain more than 10 percent of the
world's deposits of rare earths.
Greenland,
with a population of 57,000, is wrestling with opportunities that offer
rich rewards but risk harming a pristine environment and a traditional
society that is trying to make its own way in the world after centuries
of European rule.
China has been eyeing major investments in
Greenland, whose increasingly autonomous national government is looking
further afield for investors.
Britain-based
London Mining, a firm backed by Chinese steelmakers, is planning a $2.3
billion (1.4 billion pounds) iron ore mine near the capital of Nuuk.
About 2,300 Chinese workers are expected to work at the mine which would
supply China with iron.
Greenland
has awarded some 150 licences in all for mineral exploration compared
with less than ten a decade ago. Companies spent about $100 million last
year alone on exploration on land and oil companies spent more than $1
billion exploring offshore."
.
George Soros gave Ivanka's husband's business a $250 million credit line in 2015 per WSJ. Soros is also an investor in Jared's business.
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- I'm the daughter of a World War II Air Force pilot and outdoorsman who settled in New Jersey.
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