The coast and snow capped hills near Narsaq. The town has an unemployment rate of 15% and during 2012/13 600 people left the town. However, the surrounding mountains contain some of the world's largest deposits of rare earth minerals. Until recently mining these resources has been impossible because more than 80% of the island is covered by an ice cap some 4km thick in places, but with the ice melting at record speed, especially in the south, mining is becoming more feasible. An Australian mining company, Greenland Minerals and Energy, are hoping to get permission to start mining in Narsaq, promising jobs and revitalisation.