Norway is Afraid of Chinese Domination in Natural Resources

Industry Minister Trond Giske recently started work on a new strategy for mining operations in Norway as a result of increased international demand. But so far, very few Norwegian companies have shown interest for minerals in northern Norway, estimated to be worth at least 1,500 billion NOK.

The new Norwegian golden age will be controlled from abroad and the government is not committed to a Norwegian state mineral company, according to the Centre Party (Sp). MP for Sp and member of Parliament’s industry committee, Irene Lange Nordahl wants a Statoil like state company for mineral resources in the country to ensure that valuable minerals in the north is controlled by national companies and leads to employment and wealth creation in Norway.

– We need an industrial policy that ensures intervention when the strategically important Norwegian industry is bought up by foreign countries, said Sande. Thorbjørn Jungård, Secretary of the Norwegian Arbeidsmandsforbund also believes that it is a worrying situation to see so few Norwegian national companies are interested in mine resources in the region compared to foreign companies.

– It is national resources in question, and we would be much safer if we had a national company for mining like Statoil, he said.

Giske rejects the Centre Party’s proposal

On the other hand, Minister of Trade and Industry Trond Giske rejected the Centre Party (Sp)’s proposal to create a state-owned company that takes care of mine resources.

– Creating a new state company would be very demanding. Also a new company in a global industry will be almost impossible where there are many strong and experienced players, said Giske to Klassekampen.

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