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Greenland Signs Lucrative Minerals Deal with Europe in Blow to Trump
- On May 21, 2025, Greenland granted a 30-year mining permit to a European consortium to extract anorthosite from the island.
- This contract follows rising interest in Greenland's mineral potential and coincides with reduced public discussion by US President Trump about buying Greenland.
- The consortium, backed by Greenlandic and Danish governments plus the Jean Boulle Group, plans to open the mine within five years as Greenland's third operational mine.
- Anorthosite, a white rock mainly containing aluminium, has potential to replace bauxite in aluminium production and is considered more sustainable for fibreglass manufacture.
- The contract may mark the start of increased European investment in Greenland’s largely untapped mineral resources, indicating long-term industrial and economic development.
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Greenland grants mining contract
Despite, or perhaps because of the avowed interest that Donald Trump has in Greenland, a new 30-year-permit to allow mining has been granted to a Danish Group with French connections. The decision that Greenland Anorthosite Mining (GAM) would be given rights to extract Anorthosite (a white rock composed mainly of aluminium, micro silica, and calcium) was announced on Wednesday, May 21. Source
·Spain
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Greenland has agreed to allow for 30 years of exploitation of a Danish-French mining group, which aims to extract a similar rock from NASA on Monday, which could offer a friendly alternative to the environment in production of...
·Romania
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Total News Sources26
Leaning Left3Leaning Right0Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 38%
C 63%
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