MINING found in the act . “ Before a company is allowed in it has to offer a certain level of Greenlandic jobs , suppliers and subcontractors . They can ’ t come in if they are not competitive , and able to bring with them the necessary skills .” Naturally , Greenland wants to secure as many jobs for its own people as it can , and establish an indigenous skills base to support its new industries . However with a population a little over 56,000 it will need help , especially if it is to preserve its traditional fishingbased way of life . Its great opportunities are attended by equally great challenges .
The government of Greenland ’ s objective is to license the opening of three to five mines on an environmentally and socially sustainable basis over the next five years . This is a realistic goal . The first mine to open will be the ruby-sap ¬ phire mine on the south-west coast of Greenland , about 160 kilometres south of the capital Nuuk . Permitting has been a good process as the government attempts to balance the economic , environmental and social imperatives .
For many years , there has been broad political agreement in Greenland to grow the mineral sector into a principal industry and diversify the economy . Now with the new government in place and the global mining industry preparing for recovery Greenland will be increasingly seen as a good place to invest in . The commitment of General Nice Group may well prompt the cautious institutional and corporate investors in London , Vancouver and Toronto to look afresh at Greenland .
Government Information
INDUSTRY
Mining
HEADQUARTERS
Nuuk , Greenland
FOUNDED
1998
EMPLOYEES
30
REVENUE
Not Disclosed
PRODUCTS / SERVICES
Government
www . govmin . gl 97