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Greenland’s Rare-Earth Election May 3, 2021 Share Tunulliarfik Fjord has always played an outsize role in global history. One thousand years ago, the Viking Erik the Red settled there, the last outpost in the Norse expansion into North America. When the United States established a protectorate over Greenland during World War II, it built one of its first airports in what is now Narsarsuaq, a large town on the fjord. And now Tunulliarfik is the site of a mining project that has overturned politics on Greenland. Since 1979, the ruling Siumut party has dominated Greenland’s elections; in all those years it has lost power only once, in 2009, after the island reformed its government and loosened ties with Denmark, which has ruled it for three centuries. Earlier this month, the democratic-socialist Inuit Ataqatigiit party (IA), Greenlandic for “Community for the People ....
S&P/ASX 200 slips as iron ore price hits 10-year high Tesla reported a record net income of US$438 million for the first quarter. Revenue surged to US$10.39 billion, up 74% from a year ago. Iron ore price has set a record after surpassing its 2011 high of US$188 per tonne. S&P/ASX 200 (INDEXASX:XJO) slipped 0.36% to 7020 points by 1.10 pm even as iron ore prices hit a decade high of more than US$190 per tonne overnight. While the broader market was trading lower, iron ore miners Rio Tinto (ASX:RIO) (+0.19%), BHP Group (ASX:BHP) (+0.62%) and Fortescue Metals (ASX:FMG) (+1.06%) were all higher. ....
Trading halts for Antipa, White Rock, Emyria, Perpetual and Greenland Minerals Each of the trading halts will be in place until Wednesday, April 21, or until an announcement is released to the market. The ASX has granted each company a trading halt with announcements upcoming. Antipa’s halt is in relation to an upcoming announcement about a proposed capital raising. It will remain in place until the beginning of regular trade on Wednesday, April 21, or when an announcement is released to the market, whichever occurs earliest. White Rocks Minerals has been granted a halt with an announcement pending for a proposed equity raising. ....
Australian mining interests Two large-scale mining projects in Greenland are owned by Australian mining companies. Not far from Kvanefjeld is another REE deposit, for which Perth-based mining company Tanbreez Mining Greenland was granted an exploitation licence in February. Tanbreez’s chief geologist Greg Barnes claims to have inspired former United States President Donald Trump’s notorious boast in 2019 that he would buy Greenland in the “real estate deal-of-the-century”. Trump’s boast was universally condemned in Greenland and Denmark. There are about 90 large mining sites proposed in the south, all for open pit mines. They are all in the part of Greenland that is warm enough for people to live on and present a “huge threat to bio-diversity,” Hooge said. ....
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