The permission to extract anorthosites was issued by Greenland Anorthosite Mining (Gam), and this comes after the former US President Donald Trump showed interest in the purchase of this autonomous island belonging to the Kingdom of Denmark.
The company GAM, supported by the French group Jean Boulle and Investment Funds from Denmark and Greenland, received a concession for 30 years, Reuters reported. Jesper Willaing Zeuthen, Associate Professor at the University of Aalborg in Denmark, said the Trump interest in Greenland Resources was probably focused on providing long-term investments, which is difficult for applicable laws in Greenland, index.
Greenland is in the center of international attention since Trump expressed a desire to get the island, rich in minerals, oil and gas, annexed to the United States. Greenland Mineral Resources Minister, Nathanielsen, said American interest did not result in investment and that cooperation with European partners progress much faster.
“Cooperation with the EU and Danish goes smoothly”
Greenland Anorthosite Mining has received permission to extract anorthost, white rocks rich in aluminum and calcium. The company plans to export a chipped inortosite from West Greenland for the needs of the fiberglass industry. Announcing the issue of permit, Minister Nathanielsen pointed out that the goal is to develop a project as a climatic acceptable alternative to the production of aluminum for airplanes, vehicles and military industries.
She added that the private American business delegations visited Greenland this year, but that despite sharp statements from the Trump Administration, no official dialogue with the new US government has been established, nor has increased interest in investment. She emphasized that cooperation with the EU and Danish flows significantly simpler.
Professor Zeuthen reiterated that Trump interest was likely to be long-term and focused on securing access to mines rides, not currently opening the mine. Greenland laws make such access to access because mining licenses apply temporarily and require continuous, expensive field activities in order to remain valid, writes Newsweek.
“That Greenland’s territory is leading to U.S. laws, investors could simply buy land together with the rights to the underground and wait for LED to dissolve,” Zeuthen said. “But since the country is owned by the state, such a scenario is far from reality.”
The GAM company supports the French Investment Group Jean Boulle and State Funds from Greenland and Denmark. Zeuthen noted that the company still has to find investors to start the construction phase – the phase at which many similar projects have failed before.
(Vijesti.ba)
