Tsvetana Paraskova of OilPrice.com reports that Greenland is seeking mineral investments and may turn to China if the U.S. and EU remain hesitant. Minister Naaja Nathanielsen told the Financial Times that while the EU is a preferred partner, all options are on the table. Greenland recently issued a 30-year mining license to Greenland Anorthosite Mining, backed by France’s Jean Boulle Group, with hopes to begin low-emission aluminum production within five years. Paraskova writes:
Greenland will seek investments in its minerals from any country, including China, if the EU and the United States continue to hesitate about investing in the Arctic island’s rare earth and minerals sector, Greenland’s Business and Mineral Resources Minister, Naaja Nathanielsen, told the Financial Times in an interview published on Tuesday.
Greenland, an autonomous territory of EU member state Denmark, has made headlines in recent months with the threats of U.S. President Donald Trump to take control of or buy the island. […]
The territory is now looking for U.S. and EU investors, but it could look elsewhere if there aren’t willing partners, Minister Nathanielsen said. […]
The minister admitted that a Chinese interest and potential investment in Greenland could be problematic, and that the EU is “good fit” for Greenland.
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