EU GREENLAND COOPERATION DEAL EXPANDED TO MINERAL RESOURCES
July 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Union (EU) is to expand its existing partnership agreement with Greenland beyond fish, to include the exploitation of the Danish autonomous territory's wealthy non-ferrous metal reserves. Greenland has proven deposits of gold, molybdenum, nickel and other resources and furthermore, its deep ice cap is thinning through global warming, posing opportunities and dangers for prospectors. The agreement will expand the amount of European grants and loans available for Greenland mineral exploitation, especially as the island - once fully ...
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