Trump risks spooking Greenland’s investors, mining minister warns

Quick Summary:

Anglo American, the London-listed mining company, is the biggest company in Greenland with very early-stage exploration licences, which are due to run out this year but are renewable.

The government in Nuuk stopped the controversial Kvanefjeld project in southern Greenland — where a Chinese company is a minority shareholder — because the ground contained not just rare earths but also uranium.

Though many companies hold licences to mine a vast array of resources on the Arctic territory, no large-scale mine is in operation, and Greenlandic officials and mining bosses acknowledge the lack of progress as disappointing.

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Article Details

Author / Journalist: Polina Ivanova

Category: MarketsFinanceInvesting

Markets: United StatesChinaDenmarkGreenland

Topics: Greenland Nathanielsen Companies It’s Greenland’s Need Mining Territory Sector Financial Minerals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 05:00:27 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 899 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25169363

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