Greenland Signs Lucrative Minerals Deal with Europe in Blow to Trump [View all]
Source: Newsweek
Greenland has allowed a Danish-French consortium to mine a rock which is key to the production of aluminum.
The permit granted to Greenland Anorthosite Mining (GAM) to extract anorthosite follows interest in the Arctic territory from U.S. President Donald Trump in acquiring the autonomous island which is part of the Kingdom of Denmark.
GAM, which is backed by French company Jean Boulle Group and real estate investment firms bodies from Denmark and Greenland, was granted a 30-year permit, Reuters reported.
Jesper Willaing Zeuthen, associate professor at Aalborg University, in Denmark, told Newsweek Trump's interest in Greenland's resources is likely to be more in securing long-term investment objects which is difficult under current Greenlandic legislation
Read more: https://www.newsweek.com/greenland-trump-permit-extraction-2075673
Poor Donnie. All his dreams of global hegemony keep turning to ashes.
= new reply since forum marked as read