The country has many rich deposits of coal, iron ore, lead, zinc, molybdenum, diamonds, gold, platinum, niobium,
tantalite and uranium. The economy of Greenland is
partly dependent on the income derived from mineral exploration and extraction. - Jul 25, 2012
The government of
Greenland has awarded licenses for exploration and exploitation of natural gas
and petroleum in Baffin Bay to the following companies:
A.P. Maersk Oil AP and
DON G Energy ASA of Denmark
Nuna Oil A/S of Greenland
Cairn Energy plc. of
UK
GDF Suez S.A. of
France
Royal Dutch Shell plc
of the Netherlands
Statoil ASA of Norway
and ConocoPhillips
Corp. of USA
The following export
product groups represent the highest dollar value in Greenlandic global
shipments during 2018, at the 2-digit Harmonized Tariff System (HTS) code
level. Also shown is the percentage share each export category represents in
terms of overall exports from Greenland.
Fish: $922.6 million
(83.6%)
Meat/seafood
preparations: $150.1 million (13.6%)
Miscellaneous
animal-origin products: $2.2 million (0.2%)
Gems, precious metals:
$1.8 million (0.2%)
Machinery including
computers: $1.3 million (0.1%)
Collector items, art,
antiques: $1 million (0.1%)
Mineral fuels including
oil: $824,000 (0.1%)
Optical, technical,
medical apparatus: $798,000 (0.1%)
Iron, steel: $661,000
(0.1%)
Furskins, artificial
fur: $290,000 (0.03%)
Greenland’s top 10
exports account for 98% of the overall value of its global shipments.
Norb
Leahy, Dunwoody GA Tea Party Leader
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