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    market news

    Greenland Lifts 25-year Uranium Mining Ban

    Vivien Diniz
    Oct. 25, 2013 09:41AM PST
    Energy Investing

    London South East reported that after 25 years, Greenland has lifted its ban on uranium mining. However, it plans to maintain oversight to ensure exports are in line with international norms.

    London South East reported that after 25 years, Greenland has lifted its ban on uranium mining. However, it plans to maintain oversight to ensure exports are in line with international norms.

    According to LSE:

    The Greenland legislature late Thursday voted 15-14 to allow uranium mining. Prime Minister Aleqa Hammond said lifting the ban was necessary to counter rising unemployment and the cost of living, newspaper Sermitsiaq reported.

    Further to the news, LSE reported that Denmark will retain a say in Greenland’s uranium plans, due mostly to possible ramifications on security and foreign policy, said Nick Haekkerup, Danish trade minister, adding:

    We agree that there is need for close cooperation between Denmark and Greenland.

    Click here to view the full report. 

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