Greenland Signs Lucrative Minerals Deal with Europe in Blow to Trump
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
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 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.
This is a developing story to be updated with further information.
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