No economic independence for Greenland in sight

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Associated Press

Posted on January 24, 2014 at 6:03 AM

Updated Friday, Jan 24 at 6:06 AM

COPENHAGEN, Denmark (AP) — An independent report says Greenland's mineral wealth is unlikely to help it obtain economic independence from Denmark, the dream of many Inuits on the Arctic island.

The 13-member panel of Nordic academics that compiled the report says Greenland's minerals and offshore oil could help the sparsely populated island develop but not achieve a full split from its financial dependency on Denmark.

The report, released Friday, said semi-autonomous Greenland would continue to rely on Denmark's annual grant. It amounted to 3.3 billion kroner ($602 million) in 2013.

Last year, Greenland removed a 25-year-old ban on uranium mining as it is often found mixed with other rare earth metals used for smartphones and weapons systems.

Premier Aleqa Hammond has said she expected an independent Greenland during her lifetime.

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