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posted ago by Verrerogo ago by Verrerogo +20 / -0

"...The European Union has urged Greenland to restrict People's Republic of China development of rare-earth projects, as China accounts for 95% of the world's current supply. In early 2013, the Greenland government said that it had no plans to impose such restrictions.[112].."

"The Greenlandic economy is highly dependent on fishing. Fishing accounts for more than 90% of Greenland's exports.[110] The shrimp and fish industry is by far the largest income earner.[5]

Greenland is abundant in minerals.[110]

Mining of ruby deposits began in 2007. Other mineral prospects are improving as prices are increasing. These include iron, uranium, aluminium, nickel, platinum, tungsten, titanium, and copper.

Despite resumption[when?] of several hydrocarbon and mineral exploration activities, it will take several years before hydrocarbon production can materialize. The state oil company Nunaoil was created to help develop the hydrocarbon industry in Greenland.

The state company Nunamineral has been launched on the Copenhagen Stock Exchange to raise more capital to increase the production of gold, started in 2007. ..."

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cardgeorge 1 point ago +1 / -0

Sadly with the way things are going, Greenland would be better off if Russia got it. Less homos.

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Verrerogo [S] 1 point ago +1 / -0

If GEOTUS thinks we need a rah-rah win sometime, this might serve as one.