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Why does Trump want to buy Greenland? A mineral perspective
Mining Technology ^ | September 3, 2019 | Umar Ali

Posted on 09/04/2019 2:31:48 AM PDT by 2ndDivisionVet

It was recently reported that US President Donald Trump wants to buy Greenland, but what would he actually be getting for his money? Umar Ali takes a look at Greenland’s mineral resources, whether they are worth mining, and why the US could want them.

The Kvanefjeld project

Greenland currently only has one major mining project, the Kvanefjeld rare earth project launched in 2007. The project is centred on the Ilimaussaq alkaline complex in southwest Greenland, measuring approximately 8km x 15km, it is being developed by Australian company Greenland Minerals.

The Kvanefjeld project is thought to be one of the world’s biggest undeveloped resources of rare earth elements, with JORC 2012-compliant resources of one billion tonnes across three zones in the Ilimaussaq complex; Kvanefjeld, Sørensen and Zone 3.

It is claimed that the area is the world’s the sixth-largest deposit of uranium and the second-largest deposit of rare-earth oxides, with 11.1 million tonnes (Mt) of rare earth oxide and 593 million pounds of uranium. The complex also hosts a rare rock-type known as lujavrite.

These rare earth resources could be invaluable for the US, with the US-China trade dispute calling the US supply of rare earths into question. Rare earth metals are an essential material for electronics and China currently supplies around 95% of the world’s demand for rare earths, so it could be in the US’ interests to secure a supply of these metals.

The Kvanefjeld deposit, which is the only part of the project currently being developed, is estimated to hold 143Mt of measured resources alone.

The project’s pre-feasibility study was completed in May 2012, with the feasibility study being completed in May 2015. The mine is estimated to have an initial production life of 37 years, based on an ore processing rate of three million tonnes per annum.

(Excerpt) Read more at mining-technology.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: 2012; 201205; aegirine; arfvedsonite; australia; china; chkalovite; eudialyte; feldspar; gme; greenland; kuannersuit; kvandkjeld; kvanefjeld; lujavrite; minerals; mining; nephelinesyenite; rareearthelements; rareearthoxides; rareearths; realestate; shenghe; shengheresources; sodiumflouride; strategicminerals; syenite; trump; tugtupite; uranium; villiaumite; zinc
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Ponder that. Does the idea seem stupid now?
1 posted on 09/04/2019 2:31:48 AM PDT by 2ndDivisionVet
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To: 2ndDivisionVet
I do not think the idea of buying Greenland is it all stupid but we no longer live in the age of colonization, it is not necessary to own or even colonize a land to extract its resources, China is proving that all around the world today.


2 posted on 09/04/2019 2:45:20 AM PDT by nathanbedford (attack, repeat, attack! Bull Halsey)
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To: nathanbedford

Wikipedia says the Australian company Greenland Minerals and Energy acquired the area in 2007....
In 2017 the major shareholder of GME was Shenghe Resources Holding Co. Ltd, listed on the Shanghai Stock Exchange


3 posted on 09/04/2019 2:52:29 AM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: piasa

The mine is also in very close proximity to water making shipping unusually easy.


4 posted on 09/04/2019 2:57:43 AM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: piasa

.
Greenland warns EU may miss out on its mineral wealth
Reuters ^ | Thursday, March 7, 2013 | Alistair Scrutton (Editing by Anthony Barker)
Posted on 3/9/2013, 9:38:04 AM by SunkenCiv
Greenland’s prime minister warned the European Union he could scrap a preliminary...


5 posted on 09/04/2019 3:09:55 AM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: 2ndDivisionVet

Im not sure what the point of this is, they’re not going to sell it to us.


6 posted on 09/04/2019 3:31:25 AM PDT by Husker24
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To: Husker24

We don’t have to buy it Husker. As one of wizards if smarts I listen to noted (maybe Scott Adams) with the salesman/deal making mentality of PDJT, it could be a long term lease of all mineral rights w/ a percentage to Denmark if profits / ton etc etc. The agreement could take form on paper similar or much different to what I just typed. The bottom line is it would be exclusive business deal & China doesn’t get the mine, but they do get the shaft...


7 posted on 09/04/2019 3:41:51 AM PDT by taildragger ("Do you hear the people Singing? Singing the Songs of Angry Men!")
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To: 2ndDivisionVet

“...a rare rock-type known as lujavrite.”

Misspelled leverite?


8 posted on 09/04/2019 3:49:16 AM PDT by HartleyMBaldwin
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To: 2ndDivisionVet

Yes it does when you recognize that any project will be tied up in court for over a decade thanks to the eco nazis.

Repeal some eco nazi laws and regulations, get our financial house in order, then buy it.


9 posted on 09/04/2019 5:05:36 AM PDT by fruser1
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To: 2ndDivisionVet

Just few short years ago Afghanistan was reported as rare earth heaven.

Guess no one cared......


10 posted on 09/04/2019 5:06:24 AM PDT by JParris
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To: JParris

Too may critters to clear there.


11 posted on 09/04/2019 5:09:49 AM PDT by VietVet876
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To: HartleyMBaldwin

I thought it was spelled, leaverite.


12 posted on 09/04/2019 5:27:21 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: Roccus

Either way would be OK, I guess.


13 posted on 09/04/2019 5:39:36 AM PDT by HartleyMBaldwin
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To: 2ndDivisionVet

If we don’t buy Greenland, then either China, Russia or the Saudis will.


14 posted on 09/04/2019 5:40:27 AM PDT by BuffaloJack (Chivalry is not dead. It is a warriors code and only practiced by warriors.)
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To: 2ndDivisionVet

I love the lack of History which the Libs show every day. They either do not know or conveniently forgot The Louisiana purchase, purchase of Alaska and the Gadsden purchase.


15 posted on 09/04/2019 5:57:44 AM PDT by Lockbox
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To: 2ndDivisionVet

Remember Seward’s Folly!!


16 posted on 09/04/2019 5:58:55 AM PDT by Sacajaweau
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To: Sacajaweau
Remember Seward’s Folly!!

Exactly!

Greenland would prove to be an excellent investment, not only for possible mineral rights, but for it's strategic location in controlling the Arctic.

17 posted on 09/04/2019 6:13:34 AM PDT by The Sons of Liberty ('DEPLORABLE' Member of The Vast Right Wing Conspiracy & Biden Dreg and DAMN Proud of it!.)
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To: BuffaloJack

I realize that Greenland is a possession of Denmark.
However, maybe the 56,117 residents of Greenland(2017) would like to have a choice in who actually OWNS them and their land.


18 posted on 09/04/2019 6:31:41 AM PDT by woodbutcher1963
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To: HartleyMBaldwin

;)


19 posted on 09/04/2019 6:41:32 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: 2ndDivisionVet

President Trump wants to buy Greenland because he can.

I mean literally, he can.

In typical act of sanctimonious EU virtue signaling, the Danes have given official title to Greenland to its 56,000 residents but The Danes have veto power over all decisions and Greenland is a defacto protectorate.

90 percent of Greenland’s population overwhelmingly and enthusiastically favors acquisition by the United States

This is no pipe dream - it could seriously and amazingly become a reality and the Danish government is seriously worried as Greenland costs them a lot of money and, like all EU socialist governments, they are strapped for cash.

And in today’s world where the concept of nationalism has been vilified and the signature feature of all truly virtuous people is acting against your own self interest ( the greater the act of going against your self interest, the greater your virtue) a majority of the PC indoctrinated Danes are surprisingly unconcerned about getting rid of Greenland if it means getting enough money so they can still retire at the age of 50.


20 posted on 09/04/2019 7:32:45 AM PDT by rdcbn ( Referentia)
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