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Are there Diamonds In Greenland?
The world's largest island is roughly 80 percent covered with ice. But geologists now predict that due to new diamond finds on Greenland, the island's economy may have a bright economic future ahead. Greenland shares a similar geological makeup as Canada, and recent finds of small diamonds led Hudson Resources of Canada to expand their exploration activity.
For the past two Summer seasons, Hudson Resources found diamonds, "which could be sold as jewelry," company president James Tuer told The Copenhagen Post.
The area "just north of Maniitsoq appears promising," Karsten Secher told Denmark's Miljo Danmark magazine. "We've gotten some positive test results back, and in the summer we will go back up there to collect the loose threads from the five-year project."
A diamond industry on Greenland would diversify the island's economy and give "the same adventure story as Canada," said Secher, who is with the Geological Survey of Denmark and Greenland.
While Greenland became self-governing in 1980, Denmark continues to exercise control of the island's foriegn affairs. The island has a population of about 55,000.
