3 ms·
there is good reason to believe that mineral prices would have to climb 30% above current prices and stay there, before greenland's resources would become profi
by metalman 10mo ago
there is good reason to believe that mineral prices would have to climb 30% above current prices and stay there, before greenland's resources would become profiable, which in the scenario bieng presented, would then also have to cover the 600 million/yr subsidy that Denmark currently provides to Greenland.
there are only two active mines there, both very specialised, and quite small on a tonage basis and a handfull of somewhat promising sites that could be developed useing conventional technology, the rest is speculative, and will remain that way, sitting under miles of ice. Speaking of specualtion, it is so cold on top of the ice sometimes that people have suggested that there the possibilty of CO² ice forming naturaly, but there is no way for humans to get to those places, so it will remain an esoteric debate for now.