GREENLANDExploration & Exploitation

- London Mining iron ore project

http://licence-map.bmp.gl/

London mining - Isua• Isua/Isukasia is located 150km Northeast of Nuuk and 100km

from a proposed deep seawater port. From its position in the warmer south-west corner of Greenland it will allow for year round shipping.

• The project http://www.youtube.com/watch?v=JHxXcYd_O0A

• A multi billion dollar mineproject build and run by chinese owned company London Mining. Probarbly funded by China development bank.

• More information : http://www.londonmining.co.uk/uploads/londonminingisuafinalenglish.pdf

How to sell a London Mining project to investors... - Greenland - the chinese highway into the arctic

A well planned and government approved project

• It seems thats all official legislation concerning mine exploration and exploitation is in place

• The Greenland Selfrule Government are intensely working for this project to become a reality.

• Probarbly a very “ green” setup compared to many other mines in african or first nation countries

• It seems that the the oil & mining way is the one and only way for Greenland to go to overcome financial difficulties and work towards 100% independence from Denmark

But...• Inuit Circum Polar Council(ICC) and the World Wildlife

Foundation(WWF) join forces. They proclaim that the democratic proces is at stake regarding London Mining Project and the handling of the project issues, hearings, and different reports requested by Greenland government (paid by London Mining)

- http://translate.googleusercontent.com/translate_f Translated(google) document : First of its kind report (one to read!!!) from two above NGO´s• Also the greenland environmental NGO, Avataq

(www.avataq.gl)have expressed severe concern on these topics(but do not have economic capacity to conduct any contra-reports)

Society concerns Two examples : (Reuters) – “By a remote fjord where icebergs float in silence and hunters

stalk reindeer, plans are being drawn up for a huge iron ore mine that would lift Greenland's population by four percent at a stroke - by hiring Chinese workers”.

http://www.reuters.com/article/2012/11/05/us-greenland-idUSBRE8A40MR20121105

Criticism: London Mining overhears experts Contrary to the advice of raw Directorate experts will London Mining using

aheating oil pollutes more than necessary By Rune Langhoff

14:07, 28 September 2012 London Mining should use light and not heavy fuel oil for marine transport

to and from the planned iron mine at Isukasia, believe experts from DCE, National Centre for Environment and Energy, which advises the BMP.

http://sermitsiaq.ag/node/136785

Pros and Cons

Pro - London mining• This project can give Greenland

economy a boost• Will create many jobs• This project can create an easier

path for coming projects• The project can help educate and

create a new work sector• Its a project which could run on

waterpower for up to 50% of total needed energy

• A longterm project and investment• Etc.

Con – London Mining• This project will need a lot of

foreign labour, primarely chinese(labour dumping)

• This is a high risk environmental project in a fragile arctic area

• This project will go on in a highly valuated raindeer hunting and fishing ground

• This will bring world political issues in the game

• This project will bring chinese power closer to the arctic agenda

• Etc.

My conlusionThe greenlandic economy is under pressure due to a bigger demand for Everyone to have a certain/minimum standard of living. The danish government supports Greenland with aprox. 500mill US a year. This amount/value is slowly decreasing.There is public concern on how to embrace these fortcoming economic problems. At the same time small settlements and cities struggle to maintain everyday living standard, aswell as the fishing quotas is getting smaller because of a changing in climate.and related problems.So overall, I think that we do need to develop the mineral sector. It is important and nesessary. On the other hand the introduction of the first large scale mining project in Greenland – London Mining, leaves a impression that the people will not have any “vote” on this. The public hearings and the different reports are made with only one purpose. To open the mine no matter what. So we see a democratic proces where the people of Greenland if left outside while multi national enterprises and few government employees plan the Greenland future with all its uncertainty and environmental aspects.No doubt that this will have a great impact on the Nuuk area, the fiord, the ecosystem and so on, but the most disturbing thing about this is that there is not really somebody to “defend us” against The greenland government and London Mining planning and reports. There is only one side of the table represented.(except for two NGO´s : Avataq, environmental org. and ICC – Inuit Circumpolar Confederation). This is the first project of its kind, we need it, but we also need a democratic proces and better researched project from the counterpart – the people of Greenland. We have a great opportunity in Greenland to earn the respect form other first nations. We have a opportunity to make an exanple on how to do a “green” mine model. But do we dare ??