Wellgreen Platinum Ltd.
  • Home
  • About us
    • Profile
    • Management
    • Board of Directors
    • Governance
    • Social Responsibility
    • Migliori Siti Casino Online
    • Casino Europei
    • Best Non Gamstop Casinos Uk
    • Best Casino Not On Gamstop
    • Online Casinos
    • Casino Zonder Cruks
  • Projects
    • Wellgreen ›
      • Overview
      • Resource & Economics
      • Location & Geology
      • Image Galleries
    • Shakespeare ›
      • Overview
      • Resource & Economics
      • Location & Geology
      • Image Galleries
    • Other Projects ›
      • Fox Mountain
      • Shining Tree
      • Uruguay
  • Investors
    • Why Invest?
    • Corporate Presentation
    • Video Gallery
    • Upcoming Conferences
    • Share Structure
    • Analyst Coverage
    • S&P Report
    • Financial Reports
    • Filings
    • News Releases
      • 2014
      • 2013
      • 2012
      • 2011
      • Technical Releases
      • RSS Feeds
  • PGM Info
    • Platinum
    • Palladium
    • In the News
    • Metals Prices
    • Links
  • Contact
    • Contact Us
    • Careers
PGM News

INVESTORKIT

  • March 2014 - Corporate Presentation
  • March 2014 - Corporate Factsheet
  • August 2012 - Wellgreen PEA Report
  • August 2012 - Wellgreen Metallurgical Report

STOCKINFO

Mar 26, 2014 1:51 am: EST
WG.V0.78-0.015
WGPLF0.70 -0.026

Delayed by 20 minutes

RECEIVE THE LATEST NEWS RIGHT TO YOUR EMAIL

Greenland embraces mining rush, but won’t ‘favour one country alone’ — Prime Minister

March 6th, 2014 by Cecilia Jamasmie
Greenland embraces mining rush, but won’t ‘favour one country alone’ — Prime Minister

Village of Tasiilaq, Greenland.

Greenland’s Prime Minister Aleqa Hammond said Thursday the country is fostering stronger ties with countries such as the US, amid an increasing international rush for the mineral and energy resources melting ice caps are revealing in the Arctic.

In an interview with Financial Times (subs. required), the authority said the region is becoming an area of great strategic importance.

Well, no wonder. According to recent studies, the Arctic holds over a fifth of the world’s untapped, recoverable oil and gas resources, as well as significant reserves of rare earth, coal, uranium, gold, diamonds, zinc, platinum, nickel and iron ore. These riches are expected to attract over $100 billion in investments over the next decade, despite the region’s adverse climate and dense sea ice.

“If we could do it without [foreign workers] we would, but we do not have the choice. We are only 56,000 in Greenland and that includes non-Greenlanders,” she told FT.

For that reason, she said, the government is opened to seek investment from across the world.

Damage alert 

While the melting ice cap in the Arctic has opened up new shipping routes that significantly cut transport times and distances between Europe and Asia, and made riches more accessible, the very idea of allowing mining in the region horrifies environmentalists.

“Cleaning up any oil spill in the Arctic, particularly in ice-covered areas, would present multiple obstacles, which together constitute a unique and hard-to-manage risk,” warns a report by London-based think-tank, Lloyd’s/Chatham House.

Yet the allure of accessing 13% of the world’s undiscovered oil, 30% of its untapped natural gas and 20% of the global liquid gas reserves, according to data from the US Geological Survey, seems unlikely to stop investors.

In fact, Hammond said she expected three or four major mines to be operating by 2022.

 Image by AntoniO BovinO via Flickr.

The post Greenland embraces mining rush, but won’t ‘favour one country alone’ — Prime Minister appeared first on MINING.com.

Wellgreen Platinum Ltd.
  • About us
  • Projects
  • Investors
  • Contact
  • Legal
  • Privacy
  • Sitemap
  • Toll Free Telephone +1.888.715.7528
  • 420-1090 West Georgia Street

    Vancouver, BC Canada V6E 3V7

  • Email:[email protected] Download vCard

© Copyright 2014 Wellgreen Platinum Ltd. All Rights Reserved

Website Design & Development by: Aroma Web Design