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Greenland Now Targeted by Billionaires for Rare Earth Mineral Mining Development

Greenland Now Targeted by Billionaires for Rare Earth Mineral Mining Development

Trump was right.

Google Maps https://www.google.com/maps/place/Greenland/@66.171705,-80.5472135,3.09z/data=!4m5!3m4!1s0x4ea20dbbe3c07715:0x34cf9d830114e218!8m2!3d71.706936!4d-42.604303?hl=en&authuser=0

The last time we visited Greenland in this blog, President Donald Trump was being mocked for inquiring if Denmark would consider selling Greenland to the US. As Trump noted, the region is rich in resources essential for the modern economy.

Turns out Trump was right…to be interested in Greenland’s potential.

Now billionaires are following in Trump’s footsteps.

A band of billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, among others, is betting that below the surface of the hills and valleys on Greenland’s Disko Island and Nuussuaq Peninsula there are enough critical minerals to power hundreds of millions of electric vehicles.

…The billionaire club is financially backing Kobold Metals, a mineral exploration company and California-based startup, the company’s representatives told CNN. Bezos, Bloomberg and Gates did not respond to CNN’s requests for comment on this story. Kobold is partnered with Bluejay Mining to find the rare and precious metals in Greenland that are necessary to build electric vehicles and massive batteries to store renewable energy.

Thirty geologists, geophysicists, cooks, pilots and mechanics are camped at the site where Kobold and Blujay are searching for the buried treasure.

Drilling is slated to begin next summer.

The team in Greenland is using AI to find areas for drilling that can start next summer, according to CNN. In addition, the team is taking soil samples and using drones and helicopters to scope out the layers below the surface.

“It is a concern to witness the consequences and impacts from the climate changes in Greenland,” Bo Møller Stensgaard, CEO of Bluejay Mining, told CNN. “But, generally speaking, climate changes overall have made exploration and mining in Greenland easier and more accessible.”

I will simply point out that the entire nation could have benefited if Denmark had agreed to the deal. Now, it appears only a few politically-connected billionaires will reap the profits.

I suspect there will be little worry about environmental impact as well.

There are two primary methods for [Rare Earth Element] REE mining, both of which release toxic chemicals into the environment. The first involves removing topsoil and creating a leaching pond where chemicals are added to the extracted earth to separate metals. This form of chemical erosion is common since the chemicals dissolve the rare earth, allowing it to be concentrated and then refined. However, leaching ponds, full of toxic chemicals, may leak into groundwater when not properly secured and can sometimes affect entire waterways.

The second method involves drilling holes into the ground using polyvinyl chloride (PVC) pipes and rubber hoses to pump chemicals into the earth, which also creates a leaching pond with similar problems. Additionally, PVC pipes are sometimes left in areas that are never cleaned up.

Both methods produce mountains of toxic waste, with high risk of environmental and health hazards. For every ton of rare earth produced, the mining process yields 13kg of dust, 9,600-12,000 cubic meters of waste gas, 75 cubic meters of wastewater, and one ton of radioactive residue. This stems from the fact that rare earth element ores have metals that, when mixed with leaching pond chemicals, contaminate air, water, and soil. Most worrying is that rare earth ores are often laced with radioactive thorium and uranium, which result in especially detrimental health effects. Overall, for every ton of rare earth, 2,000 tons of toxic waste are produced.

A few well-placed “donations” to select green justice groups should help smooth the way for drilling.

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Comments

UnCivilServant | August 12, 2022 at 7:12 am

We still should acquire it so we can finish surrounding Canada.

In order to save the Earth we were forced to destroy it.

Without Rare Earths, nickel, cobalt, zinc, molybdnem and chromium, you have not Wind Turbines or EVs. There are actually 12 Green Energy critical minerals following 12 different supply chains. Half go through Russia and China.

There is no Cobalt without child slave miners in Africa unless you buy it from Putin.

Volkswagen is planning on clear-cutting the Indonesian Rainforest – so they can strip mine nickel laterites for their EV batteries.. And, nickel laterites are some of the most CO2 intensive minerals to smelt on the planet. All so they can replace the most efficient diesel vehicles in the world with EVs.

I think a Trump hotel would be the perfect compliment.

Is it just me, or does it appear that every effort to “ward off” so-called Global Warming is about 10,000x’s more deadly than the problem itself?
The folly of the entire enterprise is almost incomprehensible in its delusional destructiveness to every aspect of human life. Quite diabolical.

    UnCivilServant in reply to DelightLaw1. | August 12, 2022 at 7:48 am

    They are, and the basis of the whole thing is a trio of unsubstantiated assumptions that A: atmospheric concentrations of common gasses are causing it; B: that human activity is the prime driver of the appearance of said gasses; and C: that any change in climactic conditions is somehow catastrophic, despite us still being in an interglacial period of an ice age.

      Actually, the basis is $$$$$.

        Milwaukee in reply to WTPuck. | August 13, 2022 at 7:34 am

        Money, yes. Also godless leftist hysteria. The environmentalists are tools for more evil people. To quote another… don’t say a damn thing about my environmental footprint until you do something about yours…. Look at all the private jets flying into Davos, which could have been a zoom meeting.

      There you go being all sciencey and stuff.

    This should help you understand:

    https://www.breitbart.com/economy/2022/08/10/wef-adviser-yuval-harari-we-just-dont-need-the-vast-majority-of-the-population-in-todays-world/

    The biggest threat to Gaia is the very existence of a particular carbon life form. They are in the process of culling the herd.

      stevewhitemd in reply to Pasadena Phil. | August 12, 2022 at 9:56 am

      That isn’t what Mr. Harari is saying. Read carefully; he’s not proposing to reduce the number of humans on the planet, he’s saying that the kind of world that is coming will make a lot of people believe that they don’t matter and are redundant. It isn’t the guy(s) in charge saying that these people aren’t needed, it will be ordinary people themselves not seeing any kind of future in that world. They won’t be connected to the new world.

      In that way it’s much like the Roman citizens who were in the lower classes and didn’t benefit at all from the glory of Rome. They had no place; they were given bread and circuses and otherwise had to mind their place. Sure, they were ‘citizens’, but their role was simply to exist.

      So it’s an age-old problem — how do you engage all of your people in the kind of world the elites (defined however you wish) want to build?

        You need to familiarize yourself with what gets discussed at WEF regarding overpopulation. Start with Bill Gates. He just won’t shut up about it. And as you know, those greenies are only giving the planet less than ten years to live. And they have designated the biggest threat to be overpopulation. Connect the dots.

        CommoChief in reply to stevewhitemd. | August 12, 2022 at 11:50 am

        The issue is the mindset that phrasing springs from. In essence it views wide swaths of the population as disposable or as a commodity. That’s a neo feudal mindset but without any pretense of noblesse oblige Couple that with prior rubbish from WEF regarding overpopulation and the fact that their publicly stated policy goals will lead to artificial scarcity. They already have.

        Their policies create manufactured scarcity in food, energy, mobility (ICE). Couple that with the beginning phases of digital currency issued by central banks that phase out cash and bring in the ability to closely monitor individual banking transactions. Couple that with 87K new IRS agents and using the SEC to boost ESG goals.

    Dimsdale in reply to DelightLaw1. | August 12, 2022 at 9:47 am

    It’s like all the alternative energy sources that are orders of magnitude less effective and reliable than the fossil fuels they purport to replace.

    The two go hand in hand, and reveal the idiocy of the left.

    henrybowman in reply to DelightLaw1. | August 12, 2022 at 1:24 pm

    You’re talking about a species that once thought it beneficial in the curing of syphilis to keep a gob of mercury in one’s mouth all day. And it worked — many fewer people died of syphilis.

I am willing to bet the leftist billionaires mentioned don’t get a dam about Greenland wildlife and will be doing exactly the kind of mining operation they pretend Americans do at home.

I will simply point out that the entire nation could have benefited if Denmark had agreed to the deal.

But there was never any chance of that. Trump was right to inquire, but the answer was always going to be “no”.

E Howard Hunt | August 12, 2022 at 12:17 pm

I understand that Greenland will be the focus of Hunter Biden’s next business venture. He will be setting his easel aside to assist in the strip mining operations. He figures since he has a large and ready supply of strippers he should load them all aboard Air Force 1 and travel to Greenland with the Big Guy.

We need some toxic waste dumps, I propose Iran, N Korea be turned into designated waste depositories. In addition to radioactive waste and industrial waste, we should send political waste like the squad, Marxists and communists and any member of congress with an iq of less than 100, and RINOs to take care of the other waste.

    I have had plenty of angry posts in the last few days but you sir are in a class by yourself.

    Could you please say something constructive and non-violent for once?

      Edward in reply to Danny. | August 13, 2022 at 3:00 pm

      Why should he? Is it some rule of the site that comments must meet your expectations/desires as to being constructive and non-violent? BTW, why do you subscribe to the Leftist meme about words equaling violence?

Getting these from anywhere besides China and African slave children is a plus. These particular investors are the part I dislike