Resource companies are required to pay royalties to the Government of Greenland based on the production of natural resources. The royalty rates vary depending on the type of resource and the amount of material extracted. For example:
- The revenue royalty for minerals is generally 2.5%.
- For rare earth elements and uranium, the royalty rate is 5%.
These royalties ensure that Greenland benefits financially from the extraction of its natural resources, with the rates adjusted to reflect the economic value and environmental impact of different materials.