Greenland signs lucrative minerals deal with Europe in blow to Trump
Greenland signs lucrative minerals deal with Europe in blow to Trump

Greenland signs lucrative minerals deal with Europe in blow to Trump

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 Donald Trump in acquiring the island.
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.