section_path: Economy/Mining
section_name: Mining
paragraph_text: Mining
  
  Greenland is often portrayed as rich in rare-earth minerals, but experts argue this promise is largely illusory, as mining remains limited due to high costs, lack of infrastructure, and minimal local refining capacity. Although the island does contain resources, similar minerals are more abundant and accessible in other countries like the U.S., Brazil, Vietnam, and China, making Greenland an uncompetitive option. Despite a legal framework for mining, some ventures and over 30 years of Greenlandic efforts to attract American investment, success has been limited, and the belief in a quick mineral bonanza is increasingly seen as a geopolitical mirage.
  
  Mining of ruby deposits began in 2007. Other mineral prospects include iron, uranium, aluminium, nickel, platinum, tungsten, titanium, and copper. The state company Nunamineral has been launched on the Copenhagen Stock Exchange to raise more capital to increase the production of gold, started in 2007.
  
  Greenland is often portrayed as rich in rare-earth minerals, but experts argue this promise is largely illusory, as mining remains limited due to high costs, lack of infrastructure, and minimal local refining capacity. Although the island does contain resources, similar minerals are more abundant and accessible in other countries like the U.S., Brazil, Vietnam, and China, making Greenland an uncompetitive option. Despite a legal framework for mining, some ventures and over 30 years of Greenlandic efforts to attract American investment, success has been limited, and the belief in a quick mineral bonanza is increasingly seen as a geopolitical mirage.
  
  Mining of ruby deposits began in 2007. Other mineral prospects include iron, uranium, aluminium, nickel, platinum, tungsten, titanium, and copper. The state company Nunamineral has been launched on the Copenhagen Stock Exchange to raise more capital to increase the production of gold, started in 2007.