Jeff Bezos and Bill Gates leading race against time hunt for critical minerals

Don’t miss a thing! Sign up to the Daily Star’s newsletter

We have more newsletters

A treasure hunt for natural resources is being set up by a group of the world's richest men.

The hunt, taking place on the west coast of Greenland is an opportunity to discover the critical minerals that lay beyond the surface of Greenland's hills as investors and mining companies look to find the solution to the green energy transition.

The likes of Jeff Bezos, Michael Bloomberg and Bill Gates are the faces of the group of investors that seek to find the resources that could provide the solution to the climate change crisis.

READ MORE:Severe weather 'a very serious threat that could impact billions in next five years’

Kurt House, CEO of Kobold Metals, said: "We are looking for a deposit that will be the first – or second-largest most significant nickel and cobalt deposit in the world".

Kobold Metals, a mineral exploration company and California-based startup, are being financially backed the group of billionaires and have partnered with Bluejay Mining in order to find the precious metals in Greenland that are of importance in the construction of not only electric vehicles but batteries that could masses of renewable energy.

As crews have begun taking soil samples and with artificial intelligence to be used to figure out where the mining of the minerals will specifically be taking place, Bluejay Mining CEO Bo Møller Stensgaard said mining in Greenland has been helped by climate change.

"It is a concern to witness the consequences and impacts from the climate changes in Greenland," he said.

"But, generally speaking, climate changes overall have made exploration and mining in Greenland easier and more accessible."

The melting of ice has now uncovered land that has been buried for centuries and has become a breeding place for mining.

To stay up to date with all the latest news, make sure you sign up to one of our newsletters here.

Mike Sfraga, the chair of the US Arctic Research Commission, said: "As these trends continue well into the future, there is no question more land will become accessible and some of this land may carry the potential for mineral development."

He added that the government of Greenland supports their cause to find natural resources while scientists have made their fears known about the disappearance of the Arctic sea ice.

Nathan Kurtz, a NASA scientist who studies sea ice said: "The big concern for Arctic sea ice is that it's been disappearing over the last several decades its predicted to potentially disappear in 20 to 30 years.

"In the fall, what used to be Arctic ice cover year-round is now just going to be seasonal ice cover."

READ NEXT:

  • Brit family in dramatic boat rescue after freak storm sees tents submerged in water

  • Severe weather 'a very serious threat that could impact billions in next five years’

  • UK facing phone blackouts and nuclear shutdowns as 'African hairdryer' heatwave descends

  • Money
  • Jeff Bezos
  • Bill Gates

Source: Read Full Article