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Old 01-30-2013, 06:57 AM
Sparty Sparty is offline
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Default Danes signal OK for Greenalnd's Uranium to be mined

It has been quite a long journey for Greenland Energy and Minerals (ASX:GGG) shareholders while we waited for Greenland's colonial rulers to allow Greenland to exploit the world's largest Rare Earth deposit. The Danes were blocking progress as ASX:GGG's Kvanefjeld REEs are mixed with Uranium and the Danes have a negative stance towards uranium. In earlier posts I said that if GGG gets into production it would be the end of China's dominance and the world would have an abundance of what is fairly rare - low priced REEs. Read about www.australianrareearths.com

Danish U-turn clears way for uranium mining in Greenland

A majority in the Danish parliament signalled their readiness to allow extraction and exports of uranium from Greenland, marking a historical shift in Danish foreign policy after 30 years of opposition to nuclear power.

A majority in the Danish parliament is prepared for the first time to repeal Denmark's so-called zero-tolerance policy on the radioactive metal, according to media reports.

The world's fifth largest uranium deposit, Kvanefjeld, is situated in the south of Greenland and if the Danish self-ruled territory makes a formal request to exploit it, Denmark could become one of the biggest exporters of the radioactive metal.

Uranium is created as a byproduct when extracting many valuable and strategically important metals used in for example mobile phones. Uranium is also used for nuclear power and atomic bombs.

Because of the security political significance, Greenland will have to ask Denmark for permission before the zero-tolerance policy can be repealed.
"We have to approach this positively. We would be caught in a very weird Danish role if we block Greenland's wish," foreign policy spokesperson Rasmus Helveg Petersen from the Social Liberals, one of the parties constituting the Danish government, told the newspaper Politiken.
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