Greenland gives Danish-French group permit to mine rock with green potential, in wake of Trump interest - ArcticToday
By: ArcticToday
BOOM! Out smarted again!
S E E D E D C O N T E N T
By Reuters May 22, 2025 616
COPENHAGEN (Reuters) - Greenland on Wednesday handed a 30-year mining permit to a Danish-French mining group aiming to extract a moon-like rock that could offer a climate-friendly alternative in aluminium production.
The Arctic island rich in minerals, oil and natural gas, and long seen as a potential resource frontier, has drawn international attention since U.S. President Donald Trump expressed an interest in purchasing it earlier this year.
The permit was granted to Greenland Anorthosite Mining (GAM), which is developing a site in western Greenland. The company is backed by French investment firm the Jean Boulle Group and state investment funds in both Greenland and Denmark.
Anorthosite - a white rock composed mainly of aluminium, micro silica, and calcium - is similar to the material brought back by NASA's Apollo missions. GAM plans to ship crushed anorthosite to the fibreglass industry, where it could replace kaolin as a more sustainable input.
The broader ambition is to use it as a climate-friendly alternative to bauxite in the production of aluminium which is used in aircraft, vehicles and defence.
"My hope is that the mine will be operational in five years," Greenland's Mineral Resources Minister Naaja Nathanielsen told Reuters.
Despite the geopolitical spotlight, Nathanielsen said the U.S.' interest in Greenland had not yet translated into tangible investment.
"Right now, all the fuss has not resulted in increased appetite for investment directly in Greenland," she said, referring to Trump's proposal to buy the island.
"We have welcomed a number of investors, but we have not yet seen any concrete example of American funds being injected into Greenland's business community," she said.
Private U.S. business delegations have visited the island since the beginning of the year, but formal dialogue with the new U.S. administration has yet to begin, she said.
However, dialogue with European partners was progressing: "There is no doubt that the dialogue with both the EU and Denmark is going smoother. This is not only the result of the noise made by the U.S. administration, but also the result of several years of intensified cooperation," Nathanielsen said.
Nathanielsen was reappointed in April after a more pro-business government came to power.
The island's mining sector has developed slowly, hindered by limited investor interest, bureaucratic challenges and environmental concerns. Currently, only two small mines are in operation.
(Reporting by Jacob Gronholt-Pedersen; Editing by Hugh Lawson)
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Newsweek has a better headline but their website is difficult to navigate and Fetch doesn't seem to like them
It would be that the site does not like Fetch, et.al.
I've noticed Newsweek doesn't like Fetch. When I'm not feeling lazy I will copy and paste the text
Sites have been cracking down on bots.
Dont worry, before long Trump will say he never wanted Greenland anyway.
More like:
Greenland? Is that a golf course?
Greenland? I think it used to get coffee for us?
What are the chances Trump could even find Greenland on a map?
slim to none even tho Greenland is really hard to miss
Trump has yet to figure out that you catch more flies with honey than vinegar.
Indeed. He fucked up the progress he made in Greenland during his first administration by doubling down on his strong arm tactics rather than expanding on his positive investments in Greenland, including the reopening of the consulate in Nuuk. Greenland, however, was also not impressed with the Biden administration's seemingly subdued or lackluster interest in Greenland, or their lack of building on relationships and investments made by Trump's first administration. I had commented on that before on another article HERE . Trump had a chance to rekindle what he had started and then proceeded to fuck it up with his egotistical flapper.
Greenland would clash with his orange skin and hair color
Greenland is opening up to extraction and sale of rare-earth minerals on the global market. How might that influence global prices?
China won't be controlling mineral extraction and production on Greenland.
How are these two facts a loss for Trump or the United States?
Well EU investment is certainly better than Chinese investment in mining and minerals in Greenland, but it would certainly be better for US to have direct interest in the area for defense and critical supply chain purposes.
IMO the point was to shine a spotlight on Greenland and make Denmark's flirtation with Chinese development more visible. I'm not sure the United States still has the capability to open a mine in Greenland. The new operations in the United States are typically small with ready access to infrastructure.
Greenland would be a good test bed for those wanting to mine the Moon and Mars. But they're never going to be major producers, in a real sense, for decades. Mostly they're selling gimmicks and pop-culture influencer blogs at this point.
Since it has become exceptionally difficult to mine in the United States, our best hope is to increase global supply and lower global prices. The United States has sizable reserves of minerals that we're not allowed to touch. Reviving mining in the United States would probably require ceding land to Indians so the minerals could be poached.