Greenland says it will turn to China if US and EU shun its mining sector

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The United States and European mining companies need to hurry to invest in Greenland otherwise it has to be found somewhere else to help exploit its minerals, including a minister of a broad artic region.

“We want to develop our business field and bring it diversity and to invest from it,” Greenland’s business and mineral resource minister Naza Nathanielsen told the Financial Times.

When asked about returning to China, he replied: ” We don’t want to be partner with European and American partners. But if they don’t show it I think we need to look somewhere “” “

Comments have expressed Greenland’s desire to get Western assistance with United Airlines to increase its economy with United Airlines since the comments started flying from New York to the next month.

Greenland Minerals, including gold and copper, have fairly accessible deposits and it is located in the geological important region of the artic.

Nathanielsen said the current Memorandum of Understanding on Mineral Development in the United States, signed by Donald Trump’s first president, ended and tried to see if Washington wanted to renew it during the Greenland Biden administration.

Trump repeatedly emphasized that Our Greenland will take overA semi-autonomous region in Denmark, possible forced.

“We somehow hopped that the Trump administration would be more interested in engaging in dialogue with Greenland about the development of the mineral sector. We got a little more than we wanted, because we don’t want to be American,” he added.

Nathanielsen told FT that Greenland had received Trump’s threat to control “disrespectful and annoying”. His comments refers to the growing anger felt by the Greenlanders of Trump’s offensive on the island of 57,000 people.

He said that despite Trump’s speech, there was not much interest in China in the mining agreement – there are only two Chinese mining companies in Greenland at the moment, but both are minority shareholders on inactive projects. He assumed that Chinese investors could probably be behind because they don’t want to “provoke something”.

His comments have come up with the first license under a new mining code of the Danish-French group to extract the mineral anorethocytes used in the fiberglass industry.

According to the Chief Executive clause of Greenland Anorethocyte Mining, Western Greenland’s $ 1 million mining project is to start construction as next year.

One of the supporters of the company is included in the Greenlandic State Pension Fund, the Danish Bank Arbazdarns Landbank and the French mining group in the Jean Bowl.

Greenland has only two operating mines, producing gold and anorethocytes, while on the other hand, the production of mining licenses has not started producing two other mines.

Nathanielson says four new teams Nuuk’s alliance government Greenland and Greenlanders were the first and foremost committed to create development “and would prefer to work with” Allied and Equivalent Partners “.

But he also added that the Greenland Western Alliance “had a hard time to find our steps” in the changing nature of the Western coalition.

“We are trying to understand, what does the new world order look like? In these terms, Chinese investment is definitely problematic, but somewhat American,” he said. “What is its purpose? [the US investments]? “

A “good fit” for the EU Greenland because it itself had a few of the minerals needed, Nathanielsen added, as well as united in environmental metrics.