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Yet a big question is whether such a tiny population can cope, and there are signs of local political unease that may hinder investment, whether Asian or Western. It would entail the import of thousands of workers, possibly from China. The smelter would be fed from mines as far apart as Brazil and Australia and shipped out as aluminium to the world market.
Alcoa has not decided to go ahead. Among several pending issues, it wants to see whether cheaper foreign labour will be allowed. Unemployment is high and alcoholism rife. Much of the Maniitsoq fisheries industry has vanished. Locals say shrimp have moved north as southern waters warm.
The town is huddled on an outcrop of windswept rocks with Soviet-style housing blocks, empty streets and a few downtrodden bars. Few will speak against Alcoa, though a local hotel owner made headlines that were uncomfortable for some by saying the town would need a brothel for workers building the smelter.
He touched a sore point in Greenland - some fear that the country cannot absorb so many dollars and foreign workers, and that untrained and poorly educated Greenlanders will lose out. Locals also debate bringing in 2, Chinese workers to Nuuk for London Mining, and whether Greenland should let foreign employers undercut local wages.
Such arguments stall projects. To the dismay of investors, a consensus behind foreign companies has frayed. The opposition is calling for more taxes on miners. Environmentalists demand more consultations. The leftist, pro-independence coalition led by Kleist has more technocratic ministers than a previous government criticised by opponents as nepotistic and inward-looking. Several mining executives and Greenland officials expressed frustration at the slow pace of projects.
Take rare earths. Only by ditching the ban could his project be feasible. Today there is only one operational mine in Greenland, a gold deposit, which opened in While Greenlanders wait for any bonanza to start, the notion that it may bring Chinese dominion seems far-fetched to many in a country whose European links stretch back a thousand years to Viking colonists and whose ties to the Americas include the Cold War-era U.
Thule Air Base, deep inside the Arctic Circle. Among capacity constraints are concerns over its ability to protect an ecosystem which, global warming aside, is largely unsoiled by human industry. Some big oil executives say it is simply not worth the risk of a spill to drill in a region where its effects could be devastating and clean-up facilities scarce. Standing on a cliff in Maniitsoq, hotelier Lyberth has put off building a new hotel with a view of snow capped mountains.
Alcoa and its foreign executives, for the moment, seem far away. Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
The farm will be working as a This includes a ban on all commercial mining for at least fifty years. Though it might sound like an impressive piece of regulatory legislation, it was quite clear before it became law that there was no real commercial interest in mining or oil exploration in Antarctica for the foreseeable future, a fact that wasn't quite so clear in when the original Treaty was signed. Some of these are known—and being utilized—but there could be enormous expansion if it is required and Melting glacier floods Arctic coal mine, Coal mining has undoubtedly had a negative impact due to its intrusive and extractive methods, A new candidate material for quantum spin liquids.
Arctic spill fuels calls for shakeup at Russia mining giant More information: Alexander V. Kidyanov et al. The Arctic region is defined by U. Mining can yield a range of benefits to societies, but it may also cause conflict, not least in relation to above-ground and The Arctic Council is the leading intergovernmental forum promoting cooperation, coordination and interaction among the Arctic States, Arctic Indigenous peoples and other Arctic inhabitants on common Arctic issues, in particular on issues of sustainable development and environmental protection in the Arctic.
Arctic Biomaterials is a winning player in a field that requires a strong knowledge of materials, processing and product design for each application. Home Product mining materials of the arctic. Mining Materials Of The Arctic - greenrevolution. The shrinking Arctic ice is uncovering new business Drilling in the Arctic - what is the environmental impact Natural resources - arctic.
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