Denmark and Greenland have signed an agreement regarding the future commercial export of uranium located underground in Greenland, reports Finans.
According to the foreign minister, Kristian Jensen, the two countries reached an agreement after a “prolonged discussion” on Tuesday.
Large underground deposits
Greenland will have the right to extract uranium, while Denmark will be responsible for what happens to it when it is extracted, explained Jensen.
The need to formalise the rules in this area arose when Greenland in 2013 decided to move away from the so-called zero-tolerance policy that had forbidden uranium extraction in the country.
Southwest Greenland is estimated to have the world’s largest deposits of uranium.