Controversial Act On Large Scale Extraction Projects Passed In Greenland

At the last day of the Parliamentary Autumn session the Greenlandic Parliament passed a controversial law paving the way for large scale extraction projects (the act on construction and works in relation to large scale projects).

Greenland is in the process of redefining its foundation for its future development: From being a country primarily relying on fisheries as its main export, to becoming an industrialized country with 5-7 active mines, off shore oil production and aluminum production. One of the companies, ready to start a 2-billion US dollars mining project, is London Mining Plc. Another company considering investing in Greenland is Alcoa Inc. This change is required, as Greenland wishes to become gradually independent from Denmark.