Inside the race for Greenland’s mineral wealth

President Donald Trump has said he thinks the US will gain control of Greenland, underlining a claim on the Arctic island that he has repeated several times recently, on one occasion pointing to “economic security” as the reason. While the autonomous Danish territory has been quick to say it isn’t for sale, its vast and mostly untapped mineral resources are in great demand.

Jagged grey peaks suddenly appear before us, as the motorboat navigates choppy coastal waters and dramatic fjords at Greenland’s southern tip.

“Those very high pointy mountains, it’s basically a gold belt,” gestures Eldur Olafsson, the chief executive of mining company Amaroq Minerals.

After sailing for two hours we stepped ashore at a remote valley beneath Nalunaq mountain, where the firm is drilling for gold.

It’s also scouring the surrounding mountain range and valleys, hunting for other valuable minerals, having snapped up exploration licences spanning over 10,000 sq km (3,861 sq miles).

“We’re looking for copper, nickel, and rare earths,” says the Icelandic boss. “This is uncharted, and still has the potential to have multiple big deposits.”