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Greenland’s business minister and mineral resources Naaja Nathanielsen, Greenland, 6 March 2025, talks in an AFP interview in his office.
Andersen odd | AFP | Getty Images
Greenland has little interest to take advantage of its massive potential resource to become a higher mining country.
The largest island in the world has been boost Geopolitical focus Donald Trump in the last few months said Washington had to control the autonomous territory of Denmark, as well as neglect the use of military or economic strength.
Trump comes as a Greenland evolution as an executive mining describe It has been a “tremendous option” resources for the Arctic Island. However, The hard climate of Greenland, remote landscape and infrastructure are missing to refer to as a barrier to the strategic potential of the island.
Naaja Nathaniels, Mineral Resources of Greenland, CNBC said to exploit the precious minerals of the territory “is absolutely possible and feasible” to warn that certain mining projects are running.
“I think they are very hopeful. Graphite, gold, copper, nickel, molybdenum, etc. Rare lands.Squawk Box Europe“Friday.
“But for Greenland, we are not interested in becoming a really great mining country. We really want 5 or 10 active mines at every moment,” Nathanielsen said.
“We are a very small population, so we don’t need to be covered in the whole country in mines. We are happy to manage it and I think that is feasible,” he added.
Greenland, with only two active mines on the island today, said it was a long time ago as an alternative to China Next to the monopoly in rare elements of the earth.
In fact, 2023 explore According to Danish and Greenland (Greenland) the European Commission found that the European Commission was found in 34 minerals of 34 minerals known as critical raw materials in Greenland.
These minerals are graphite, molybdenum and titanium, all of which are expected to have a key role pibot to more permanent energy sources.
Mining operations
Earlier this week, critical metal development corporation advertise The United States export import bank received the interest letter of $ 120 million to finance the company’s Tannet Mine Mine Mine.
Notable, the funding package marked the first foreign investment in Trump Administration in a mining project.
This air view melts icebergs ILULISSAT ICEFJORD on July 16, 2024, near Greenland.
Sean Gallup | Getty Images News | Getty Images
Greenland authorities also recently accepted 30 years of mining permit to exploit an anniotent to a group of Danish mining, an aluminum rock in a western Greenland site.
One by one, the General Manager of the Greenland Mining Company described Greenland as a “amazing country”.
“Geology is traveled by Greenland worldwide through a geological age and has gone everywhere. This means that it has exposure to most mineral resources,” CNBC saidEurope Early Edition“Thursday.
“It has a fantastic jurisdiction with regulations. It is based on the principles and laws of Nordic,” he added.
Nuuk, an overview of the Greenland residential area on March 10, 2025, on Greenland, on the eve of the election of the Autonomous territory of Denmark. The two days of storm and warm weather is ripped in the political positions and melted snow in the capital of the Greenland.
Andersen odd | AFP | Getty Images
How to buy Greenland in the company’s operations and vision, Olafsson said Greenland’s choice of Greenland opportunities.
“Finally, I think Greenland will become an independent situation, protected by Nordic countries and protect the US, like Iceland,” Olafsson said.
Learning from the past
Nathaniels of Greenland said the territory has “very high” standard “and” very high “standards, partly due to previous issues with mining pollution.
“Greenland is a really rare mining industry, when it looks at other jurisdictions. However, because they have a great environmental standard and have taken care of local communities,” said Nathanielsen.
“And if we start folding in it, we will also lose the support of the people as well as the support of this industry. It is really important to us. So I think we learned from the past,” he added.
