Greenland is on the brink of a new era as it seeks to diversify its economy , traditionally dependent on fishing , and build a mining industry for the benefit of all its 56,000 inhabitants

Greenland is a country the size of Western Australia and though 80 percent of its area is locked under the Greenland ice sheet , up to three kilometres deep , more than 400,000 square kilometres of ice free coastal land has the great advantage of accessibility by sea , and in the south , proximity to established transatlantic shipping routes . Deep fjords create ideal natural harbours . The world ’ s largest island has basically the same geology as Canada – if you look at the map it is easy to see how they were once a single land mass – and contains the same minerals . Iron and its alloys ( iron , nickel , molybdenum , titanium , vanadium ) and base metals such as copper , lead and zinc are present in commercial deposits , as is uranium and rare earth elements ( REEs ), gemstones and gold . Investors can be sure of a positive response from the government . Neither