Fri, Mar 15, 2013 - Page 6 News List

Voters deliver rebuke over Greenland minerals rush

Reuters, NUUK

Hammond said she would revise a law on allowing big-scale miners to employ cheap foreign labor and pass a law requiring foreign miners to negotiate deals with trade unions.

She also said she would cut taxes on company profits, but raise royalties.

On the other hand, she would lift a ban on mining radioactive materials that stopped some plans for rare earths deposits, crucial in 21st technology like smartphones.

That would benefit the development of a deposit in southern Greenland, being explored by Australian-owned Greenland Minerals and Energy, that may be one of the biggest rare earths deposits outside China.

The election result highlighted how many more Inuits, from fishermen to seal hunters, felt Kleist had embraced foreign investors too quickly.

“It has been a slap in the face,” Kleist told local TV.

Hammond said she could support China’s application for observer status at the Arctic Council, but said she would take a more critical look at Chinese investments.

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