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Insight: Great expectations fill Greenland as China eyes riches

Mon, 11/05/2012 - 8:25am
Reuters

NUUK (Reuters) - By a remote fjord where icebergs float in silence and hunters stalk reindeer, plans are being drawn up for a huge iron ore mine that would lift Greenland's population by four percent at a stroke - by hiring Chinese workers.

The $2.3-billion project by the small, British company London Mining Plc would also bring diesel power plants, a road and a port near Greenland's capital Nuuk. It would supply China with much needed iron for the steel its economy demands.

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