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    market news

    Greenland Parties Meet to Discuss Coalition and Uranium Mining

    Investing News Network
    Dec. 04, 2014 09:43AM PST
    Energy Investing

    Greenland’s elected parties are meeting together to discuss a coalition and see if a referendum on the state of uranium mining in the European country is on the cards.

    Greenland’s elected parties are meeting together to discuss a coalition and see if a referendum on the state of uranium mining in the European country is on the cards.

    According to Reuters:

    The most obvious sticking point between the two parties is their stance on uranium mining, long banned before a Siumut-led government lifted it last year. This paved the way for rare earth mining projects because those are often associated with the production of uranium as a byproduct.

    Olsvig’s party had rejected the lifting of the ban and promised to reimpose it, but has been softer on the issue since.

    Mikaa Mered, chief editor of the POLARISK Greenland Report, said:

    A Siumut-IA coalition would at this point be the best governmental combination possible in the eyes of the foreign investor community because it would convey a sense of stability.

    Click here for the full article.

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