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Greenland signs lucrative minerals deal with Europe in blow to Trump (www.newsweek.com)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 day ago

TL;DR:

Greenland struck a major minerals deal with a European consortium, sidelining Trump’s push to control the island’s resources. The 30-year permit for Greenland Anorthosite Mining (GAM) to extract aluminum-rich anorthosite signals stronger EU-Denmark cooperation.

Greenland’s minister stated that European partners move faster, and U.S. delegations have yet to translate rhetoric into action. Greenland’s strict mining laws prevent land grabs and idle speculation blocking Trump’s preferred playbook of securing long-term rights without immediate development.