Mining the Arctic for its Mineral Riches

Mining the Arctic

After the Ice: Mineral Riches of the Arctic

Receding Arctic ice is unlocking fathomless mineral resources — if you don’t mind frost and cost.

 90 billion barrels — is the estimated size of undiscovered oil deposits beyond the Arctic Circle.[i]

That’s equivalent to:

  • 5.9% of world’s known oil reserves
  • 110% of Russia’s reserves
  • 1,677% of Norway’s known reserves
  • 339% of known U.S. reserves
  • 52% of Canada’s known reserves.[ii]

1,669 trillion cubic feet  – the estimated size of natural

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