The article examines the role of the mining industry in the economies of Ukraine and Greenland, emphasizing its impact on economic growth, job creation, and infrastructure development. Ukraine has rich resources, in particular coal and iron ore, which provide domestic needs and exports. Greenland, o…
The article examines the role of the mining industry in the economies of Ukraine and Greenland, emphasizing its impact on economic growth, job creation, and infrastructure development. Ukraine has rich resources, in particular coal and iron ore, which provide domestic needs and exports. Greenland, on the other hand, shows potential due to its mineral and oil reserves, but faces environmental challenges and needs for infrastructure upgrades. Both countries face challenges such as the environmental impacts of extraction, which require adaptation of technologies and resource management strategies. The article also analyzes the research of Ukrainian and international scientists who investigate the effectiveness of resource management in the face of global challenges. Comparing the approaches of Ukraine and Greenland may reveal best practices for improving economic sustainability. The study focuses on the need to adapt to new conditions, particularly in the context of wartime conditions in Ukraine, and aims to find out how countries cope with the consequences of the extractive industry. The paper highlights the importance of balancing economic benefits and environmental risks, highlighting the need for new management strategies to ensure long-term sustainability.
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Årstal:
2024
Emner:
Mining; Natural resources; Greenland; Ukraine
Titel på tidsskrift:
Economics and Region
Volumen af tidsskriftet:
95
Tidsskriftsnummer:
4
Publikationsland:
Ukraine
DOI nummer:
https://doi.org/10.26906/EiR.2024.4(95).3617
Over the past decade, Greenland has lifted and restored its ban on uranium mining amid the uncertainty of global uranium prices. This article investigates the dynamic interrelations between uranium commodity prices and the impacts of structural shocks, sketching key economic implications for Greenla…
Over the past decade, Greenland has lifted and restored its ban on uranium mining amid the uncertainty of global uranium prices. This article investigates the dynamic interrelations between uranium commodity prices and the impacts of structural shocks, sketching key economic implications for Greenland. Using a structural vector autoregressive model, this work analyses the changing relations between uranium prices, coal prices as well as real and financial variables from 1980 to 2019. The main findings are that the dynamics of uranium spot prices are diversely affected by shocks in combined real GDP, total electricity production from nuclear power, the interest rate, the real effective exchange rate, and the price of coal. The estimates also show that the pricing dynamics are important for future production and capital investment decisions. The analysis illustrates that despite the prevailing depressed uranium market, Greenland can still capitalize on future market developments. The country can anticipate benefiting from a short-run world supply disruption, a positive combination of macroeconomic shocks, and the long-term expansion of nuclear energy programs.
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Årstal:
2022
Emner:
Mining
Titel på tidsskrift:
Energy Policy
Udgiver:
Elsevier
DOI nummer:
https://doi.org/10.1016/j.enpol.2021.112757
Kan vi forudsige fremtiden for arktisk mineral minedrift? Elementær statistisk prognose
Årstal:
2021
Emner:
Mining; Econometrics; Kvantitative metoder
Publikationssted:
Nuuk
Publikationsland:
Grønland
Titel på værtspublikation:
Samfundsvidenskabelig praksis - arktiske perspektiver
Udgiver:
University of Greenland Press
ISBN nummer:
9788797345306
Editor:
Karen Scott; David VanderZwaag
Årstal:
2020
Emner:
Extractive industries; Mining; Oil and gas; Arctic; Antarctic
Publikationssted:
Cheltenham
Publikationsland:
United Kingdom
Titel på værtspublikation:
Research Handbook on Polar Law
Udgave:
1
Udgiver:
Edward Elgar
ISBN nummer:
978 1 78811 958 0
The study presented in this paper explored how people in South Greenland perceive their future prospects and the role of mining in this regard. This region hosts two important mining projects still in relatively early stages. The study further investigated how mining projects influence local decisio…
The study presented in this paper explored how people in South Greenland perceive their future prospects and the role of mining in this regard. This region hosts two important mining projects still in relatively early stages. The study further investigated how mining projects influence local decisions about individual and community development. The study is based on qualitative interviews with people from the towns of Narsaq and Qaqortoq and from a sheep farm near Narsaq, during a fieldtrip in May 2017. The authors found that the mining projects, even though they are still in the exploration phase, have already had great impact on local expectations for future development and on decision-making and planning in people’s daily lives and thereby the development of the communities. Further, although located relatively close together in the same region, there are significant differences between the towns and their relations to the neighboring mining projects. There is both support and opposition towards the projects, which triggers division between individuals, between groups and between the towns. However, all agree on a need for more transparent processes and for timelines to inform people of when they can expect decisions to be made and activities to take place.
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Årstal:
2019
Emner:
South Greenland; Mining; Social impact assessment; Uranium
Titel på tidsskrift:
The Extractive Industries and Society
ISSN nummer:
2214-790X
Since the Greenland Self-Government Act came into force in 2009, economic development and the right to utilize natural resources in Greenland lies in the hands of the Self-Government. Earlier efforts to establish this authority were made back in the 1970s, when discussions on Home Rule were first on…
Since the Greenland Self-Government Act came into force in 2009, economic development and the right to utilize natural resources in Greenland lies in the hands of the Self-Government. Earlier efforts to establish this authority were made back in the 1970s, when discussions on Home Rule were first on the agenda. Mining industries are not a new activity in Greenland. During the Second World War, Greenlandic cryolite was used to produce aluminum for the North American aircraft industry. Other essential natural resources, such as gold and gemstones, have also recieved international interest over the years. Greenland's new development aim is to build up a large-scale mining industry. This article elucidates the form of public consultation processes followed in Greenland in connection to two large-scale mining projects and the different views various actors have regarding these events. How did the deliberative democratic process unfold in Greenland regarding these projects? Was the process followed and effective way to manage these kinds of projects? The article shows that two projects that received a lot of media attention: the 2005 iron ore mine project Isukasia, and the 2001 TANBREEZ-project to extract rare earth elements, used highly different approaches when it comes to deliberative democracy. In the former case, a limited degree of deliberative democracy was used, while in the latter case, the opposite applies.
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Årstal:
2016
Emner:
Public consultation processes; Deliberative democracy; Mining; Greenland
Titel på tidsskrift:
Arctic Review on Law and Politics
Volumen af tidsskriftet:
7
Tidsskriftsnummer:
1
Udgiver:
Cappelen Damm Akademisk
Publikationssted:
Oslo
Publikationsland:
Norway
ISSN nummer:
2387-4562
DOI nummer:
https://doi.org/10.17585/arctic.v7.216
Mining in Greenland – Current State and Plans for the Future
Editor:
L Heininen
Årstal:
2014
Emner:
Mining; Greenland
Titel på værtspublikation:
Arctic Yearbook 2014
ISBN nummer:
2298–2418