The only reason Trump wants Greenland is to put a golf course and a Trump Tower there.
You are more clueless than I thought, or another stooge of PRC, komrade.
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Although Greenland possesses an abundance of resources and climate change is rendering some regions more accessible, there remains a possibility that achieving independence could lead to the exploitation of these resources in order to deliver the significant economic benefits necessary for Greenland’s survival.
Greenland will need a way to survive without relying on financial assistance from Denmark. However, an increased use of resources could result in major drawbacks that will affect the economy overall. The Self-Rule Act also included a block grant of approximately 3.5 billion Danish kroner annually, transferred from Copenhagen to Nuuk and seen by many today as the main symbol of Greenland’s dependence on its former colonizer. This yearly payment commenced in 2009, but even then it was evident that it would not serve as a sustainable support for Greenland’s economy.
Because of Greenland’s increasing public spending, decreasing profits from fisheries, aging population, and low-skilled labor force, Greenlandic politicians view “large-scale extractive industries as the sole viable pathway toward achieving a self-sustaining economy.” One year later, the Mineral Resources Act was passed, granting Greenland the rights to revenue generated from mining activities and prompting the territory to seek partnerships with Chinese mining companies. In 2013, Greenland’s parliament made the decision to lift the ban on uranium extraction, allowing Greenland to participate in large-scale development. Now that Greenland is actively participating in the mining and selling of their rare earth elements, it could be said that Greenland is hoping for independence through economic prosperity.
As soon as Greenland gained the right to develop its resources in 2009, China became involved with Greenland’s geostrategic location and abundance of hydrocarbon and mineral deposits. China’s rapid economic growth is one reason for its exploration into Greenland. China is often seen as one of the few states that can execute the necessary investment. In 2023, China’s overseas investment reached 264.5 billion in United States dollars. China fears being excluded from future economic and scientific opportunities, therefore it looks towards the Arctic to find new economic opportunities. China is not geographically positioned in the Arctic, so the Arctic is one area where it remains at a disadvantage; however, China became a part of the Arctic Council as an observer state in 2013. Due to the restrictions on China’s involvement in the Arctic Council, over time, China may pursue alterations to existing governance to align with its interests. If Greenland gains full control over all its resources and decision-making processes,
China will only become more interested in Greenland and its resources.
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Greenland’s Pursuit Of Independence: Implications For China-Greenland Relations And Arctic Resource Management
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Chapter 4
Greenland: what is China doing there and why?
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There was more to Trump’s offer to buy Greenland than the callous bravado of a property mogul. Greenland’s geostrategic importance is recognised by all the great powers, except, perhaps the EU.
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4.1 The presence of voids (II): how China came to Greenland
Trump’s failed attempt to buy the autonomous territory of Greenland was not a first: after the Second World War, in 1946, President Truman also attempted to buy the constituent of the Kingdom of Denmark. Only four years later, the US opened Thule Air Base, currently the US Armed Forces’ northernmost base, demonstrating US interest in the area.
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Given the strategic Arctic coastal dimension and the enormous reserves of natural resources, Greenland is highly attractive to foreign states, including China. China’s interest in Greenland is recent – it dates back to 2005 when the then-Premier of Greenland, Hans Enoksen, paid a visit to China. In 2011, Greenland’s minister for industry and natural resources was the next to pay a visit to China, being welcomed by the vice-premier.
[68] Chinese interest in Greenland’s natural resources has been confirmed with the visit of China’s then-Minister for Land and Resources, Xu Shaoshi, in April 2012.
[69] The various visits carried out by representatives of both China and Greenland demonstrate their mutual interests. While for China the focus is on polar research, natural resources and infrastructures, Greenland is looking for investments to further develop its economy,
[70] as currently, China serves mainly as one of the most important markets for the Greenlandic fishery industry.
[71] China has become the second most important export destination for Greenland, although it still imports very little from China.
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In 2013, Greenland repealed a law banning the mining of radioactive material and rare earth elements in order to diversify its economy.
[72] To combine this with the erosion of the Greenland ice sheet, which makes more areas of Greenland open for mining projects, ensures increased (economic) opportunities. Consequently, since 2013 there has been greater cooperation between China and Greenland in the field of natural resources.
The first clear sign was the Memorandum of Understanding (MoU) in 2014. The non-binding MoU was signed between the Australian company Greenland Minerals Energy (GME) and China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Company (NFC). Under the MoU, GME and NFC will create a ‘fully-integrated global rare earth supply chain’.
[73]
In addition, the most visible Chinese mining venture in Greenland is the Kvanjefjeld Project. China’s Shenghe Resources bought 12.5 percent of GME’s shares, which are of particular interest considering that GME calculated that about 270,000 tons of uranium are deposited at Kvanefjeld.
[74] In August 2018, GME and Shenghe agreed upon an MoU, which gave Shenghe the opportunity to take the lead in the processing and marketing of materials extracted from the Kvanefjeld site. In addition to the Kvanefjeld site, Ironbark, in 2017, appointed the NFC to develop the Citronen Fjord Zinc Mine project further, while the right to exploit the mine remains with Ironbark. In 2019, further steps were taken towards commencing mining operations when it was announced that Shenghe would be partnering with another Chinese firm, China National Nuclear Corporation, to enhance the procedure for separating rare earth elements from uranium and thorium deposits at the Kvanefjeld site.
[75]
It is clear that China considers Greenland’s minerals of strategic value, but they are for the EU as well. The EU’s Institute for Strategic Studies recently pointed out that exploitation of rare earth elements in Greenland would reduce a significant strategic EU vulnerability, as it now relies on China for a majority of critical rare earth elements used for the EU defence industry.
[76] ....
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4.2 A contested presence? A strategic perspective on China’s presence in Greenland
Against an emerging great power competition in the Arctic, Greenland has surfaced as a potential sore point in Danish-Chinese relations and an upcoming front in Sino-American geopolitical rivalry.
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On the other side of the Atlantic, the strategic significance of Greenland has been recognised with renewed vigour under the Trump administration.
[93] Recently, the US State Department declared that:
To enhance its physical presence beyond Thule Air Base, the US has allocated half a million dollars to re-establish a consulate on Greenland.
[95] Additionally, plans for greater strategic cooperation between the US and the Kingdom of Denmark were announced in December 2018, and more recently in April 2020.
[96]
So far, Sino-American confrontation on Greenland has only materialised in issues of direct strategic concern to the US. Washington pushed back against Chinese investment plans for Greenlandic airports, fearing it would be used by Beijing to gain a military foothold, whereas Chinese participation in the mining industry has received less attention.
[97]
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To summarise, the greater accessibility of mineral deposits has turned Greenland from a geopolitical void into a focal point. China’s economic interests in the mining sector and infrastructure projects have put serious strain on relations between the Kingdom of Denmark and Greenland, who struggle to agree what types of foreign investment fall under whose jurisdiction. At the same time, both governments have to manage their relations with the US. The US, in turn, is increasingly assertive towards a Chinese presence in such close proximity to its borders.
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www.clingendael.org
^^^^^^^^^ Note the above excerpts are from a report dated June 2020 and among many items that few gadflys of the Left and MSM seem to know (or remember) Trump interest in Greenland isn't new, just a continuation from his last term; an interest and concern which was neglected by the Biden administration.
It would help of some posters here would get updated and knowledgeable before jerking their knees.