Global Warming Has Mining Companies Turning Their Attention to Greenland

With its ice sheet slowly receding because of global warming, Greenland has become popular with mining companies seeking new stores of valuable minerals.

I foresee a lot of shattered dreams and lost investments as reality intrudes on tales of “global warming” and Greenland meltdown.

Beneath the thinning glaciers are lodes of uranium, zinc, iron ore, copper and gold, as well as the extremely important “rare earth” minerals. These latter minerals, including lanthanum, cerium, neodymium, praesodymium, terbium and yttrium, are vital to the production of everything from consumer electronics to military hardware.

Currently, China controls 97% of the market for rare earth minerals, and its attempts to raise prices on them have forced the U.S. and other countries to seek alternative supplies.

An Australian firm, Greenland Minerals and Energy, has already obtained licenses to conduct test mining on the island. The company estimates there could be at least 6.5 million tons of rare earth minerals underground, along with large quantities of uranium.

AllGov

About these ads

One response to “Global Warming Has Mining Companies Turning Their Attention to Greenland

  1. Greenland was warm enough to grow crops and sustain cattle . That proves beyond doubt , that temperatures were warmer. At least twice , during the 1900s , the ice round the poles , practically disappeared . This is well documented , and can only mean , that the ice round the poles reduced . A glacier in Switzerland receded so far , that artifacts , over 3,000 years old were revealed. These changes in climate have been occuring for millions of years . Natural warming and freezing will continue . It is highly improbable that the puny efforts of man will change the natural course of events.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s