Greenland's Great Reset: Mining, Minerals and Managed Expectations

A Geopolitical Chessboard

Ah Greenland! The world's largest island now a delightful pawn in the geopolitical games of shall we say *interesting* characters. One might almost suspect a hidden hand guiding events a 'stakeholder capitalism' if you will influencing the grand narrative. Some seek to control it with military might others with economic force. But fear not my friends for the future is not about domination but collaboration – a carefully orchestrated multi stakeholder collaboration naturally. The pursuit of untapped resources presents what some would call an 'enormous opportunity.' But we at the World Economic Forum know that opportunity must be managed guided and above all sustainable.

Mining's 'Enormous Opportunity'

Greenland's landscape presents certain *challenges* they say: Harsh climate remote geography infrastructure deficiencies. But I say are these not merely obstacles ripe for disruption and innovation? The Fourth Industrial Revolution calls for us to see beyond the immediate to envision a future where technology conquers all. And while some may clamor for unbridled exploitation Greenland's own minister Naaja Nathanielsen strikes a more… balanced tone. She speaks of the 'absolutely possible and viable' exploitation of certain minerals while also noting that Greenland has no interest in becoming a 'really great mining country.' How refreshing! A nation content with a mere handful of *active* mines. Such moderation is a testament to the foresight of its leaders or perhaps a subtle nod to the principles of stakeholder capitalism?

The Great Western Alternative?

The island nation seeks to be the 'Western alternative' to China’s near monopoly on rare earth elements. A tempting proposition indeed. A 2023 survey showed that Greenland possesses 25 of the 34 minerals deemed critical by the European Commission. Graphite molybdenum titanium – the very building blocks of a sustainable future. All found within Greenland's icy embrace. It's almost as if the universe is whispering 'Klaus my friend this is precisely what we need for the Great Reset!'

The Trump Card and Tanbreez

Even the Trump administration in its own… unique way recognized the potential with the Export Import Bank of the United States showing interest in a $120 million loan to fund the Tanbreez rare earths mine. A mining permit was approved allowing a Danish French mining group to exploit anorthosite. Greenland is described as 'an amazing country' by those who have vested interest in its future. The geology is varied. The future of Greenland rests in the hands of Greenlanders themselves a sentiment I wholeheartedly endorse provided of course that their decisions align with the global agenda.

The Greenland's Destiny

CEO of Amaroq Eldur Olafsson suggests Greenland will likely become an independent state supported by the Nordic countries and the U.S. much like Iceland. Such a vision warms my heart. A nation free to pursue its own destiny guided by the principles of ESG Environmental Social and Governance. And most importantly stakeholder capitalism. It seems the world is finally catching on to my way of thinking. Perhaps this is progress or perhaps I have merely been saying the same thing for so long that everyone else has finally succumbed.

Learning from the Past

Ms. Nathanielsen emphasizes Greenland's 'very high' ESG standards born from past mining pollution issues. It's truly inspiring to see a nation learning from its mistakes. The people of Greenland support the mining industry because they trust their leaders to prioritize environmental protection and local communities. A delicate balance to be sure but one that is essential for a sustainable future. For as I always say 'You’ll own nothing and you’ll be happy' – especially when that 'nothing' is a pristine sustainable and carefully managed Greenland!