The Nugget

Inside the Race for Greenland's Mineral Wealth

Written by Prospector | Jan 29, 2025 1:00:00 PM

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Jess
Head of New Media

đź“°  In The News

Inside the Race for Greenland's Mineral Wealth

  • Greenland's vast untapped mineral reserves, including rare earth elements, copper, and gold, are drawing increasing global interest as Western nations seek alternatives to China's dominance in critical raw materials.
  • Despite opportunities, harsh conditions, high costs, and regulatory hurdles continue to challenge mining growth on the island.

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Canadian Mining Optimistic in Face of Trump Tariff Threat

  • U.S. President Donald Trump's proposed 25% tariffs on Canadian goods have raised tensions, but mining industry leaders remain cautiously optimistic, emphasizing the U.S.'s reliance on Canada for critical minerals like nickel, aluminum, and germanium.
  • While the move appears to be a negotiating tactic, experts warn of economic fallout for both nations if tariffs are imposed.

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Bridging Economic Growth and Inclusivity: A Collaborative Path Forward

  • South Africa is exploring a proposed R100 billion Transformation Fund to support black-owned and female-led SMMEs, aiming to foster economic inclusivity and drive local development while addressing concerns about implementation and investment impacts.

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Saudi Arabia Weighs Global Mining Deals as Sector Consolidates

  • Saudi Arabia is pursuing mining deals to secure critical minerals for its industrialization plans, exploring opportunities like Barrick Gold’s stake in Chile’s Zaldivar mine amid a wave of sector consolidations. 

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Q&A: Using Satellites to Maintain Mine Safety

  • Satellite technology is transforming mining in remote Australia by enhancing safety and connectivity, with innovations like bonded satellite services ensuring uninterrupted operations and improved health and welfare for workers.

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