LANCASTER SOUND, Nunavut — From a distance, the northern shores of Baffin Island in the Arctic appear barren — a craggy world of snow-capped peaks and glaciers surrounded by a sea of floating ice even in the midst of summer. Yet beneath the forbidding surface of the world’s fifth largest island lies an exceptionally pure strain of iron ore, and the Baffinland mine is believed to hold enough of it to feed smelters for decades. As climate change pushes the ice a little farther north each year, it is spurring talk of a gold rush in the remote Arctic for abundant natural resources, prized shipping routes and business opportunities in tourism and fishing.
Warming Arctic Spurs Battles For Riches, Shipping Routes
Frank Jordans, Denver Post: Business
Thu, 08/24/2017 - 4:32am
Topics: lancaster sound nunavut from pacific april u.s president donald trump obama-era the associated press finnish msv nordica mads boye peterson denmark s nordic bulk carriers shipping peterson s on the u.s geological survey circle smelror norway the arctic east asia western europe panama canal related articlesaugust fed-up colorado samsung s galaxy note historic denver walmart google lomonosov ridge arctic sea north pole united states canada s alaska-based tokyo crystal serenity some inuit money-wise maatiusi manning inuk climate mette bendixen copenhagen not greenland north america alaska s chukchi sea shell beaufort sea alaska native-owned ocean think andrew kinsey allianz environmental inuit s daria gritsenko nordica we helsinki that s baffin island baffinland arctic northwest passage as the as geological survey the august not greenland arctic canada university warming riches ice world year oil gas beneath summer growing years opportunities surface change claim region percent company extend infrastructure including tourism rights waters decades undiscovered lot contests industry ore natural resources public russia researcher earth distance part remain fishing cargo leases unexplored exploration local fight traffic communities season high insurance development risk
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