The U.S. authorities is considering investing successful a company's captious minerals mining projects successful Greenland, its CEO has told CNBC, up of high-stakes talks betwixt Washington and Danish officials implicit the island's future.
The projects are tally by mining institution Amaroq, which operates successful South Greenland and is progressive successful extracting oregon exploring gold, copper, germanium and gallium, among different captious mineral deposits.
Discussions with U.S. authorities bodies astir the imaginable concern opportunities are ongoing and haven't been finalized, Amaroq CEO Eldur Olafsson told CNBC successful an interview.
Deals could impact "offtake agreements, infrastructure enactment and recognition lines," Olafsson added, though helium declined to remark connected what circumstantial projects the U.S. authorities was funny in.
When asked to comment, a U.S. State Department spokesperson told CNBC: "The United States is anxious to physique lasting commercialized relationships that payment Americans and the radical of Greenland.
"President Trump reiterated the value of Greenland to U.S. defence and underscored his committedness to the narration by designating Governor Landry arsenic Special Envoy to Greenland."
CNBC approached the Export-Import Bank of the United States (EXIM) for remark but had not received a effect arsenic this nonfiction went live.
Olafsson's comments travel arsenic U.S. President Donald Trump ramps up talk of acquiring Greenland, which helium sees arsenic integral to nationalist security, pursuing a melodramatic subject cognition to prehend Venezuelan President Nicolas Maduro connected Saturday.
European nations person been scrambling to respond to escalating rhetoric astir Greenland from the U.S., which has refused to regularisation retired subject action.
U.S. Secretary of State Marco Rubio is to conscionable with officials from Denmark adjacent week to sermon Greenland, a self-governing Danish territory.
Greenland's captious minerals
The White House sees Greenland's deposits arsenic a imaginable mode to interruption China's dominance successful the captious minerals space.
Rare world companies with projects successful the Arctic land surged earlier this week connected U.S. comments astir acquiring the Arctic island.
Trump has chiefly emphasized nationalist information erstwhile discussing Greenland successful caller days, but erstwhile nationalist information advisor Mike Waltz told Fox News successful January 2025 that U.S. involvement successful the land was astir "critical minerals."
Some experts person cautioned that extracting captious minerals from Greenland isn't economically viable owed to the harsh conditions and deficiency of infrastructure, but Olafsson told CNBC that it was realistic with due readying and logistics.
He compared the process to important captious minerals mines successful Russia and Alaska, which, helium said, were built successful akin conditions.
He said that "one of the biggest challenges successful immoderate mining task is usually immoderate [transporting minerals] agelong distances connected land," but added that galore of Greenland's mineral deposits were adjacent "deep fjords," meaning they could beryllium easier to ship.
Climate alteration has transformed some parts of Greenland, with crystal melting to uncover wetlands, areas of shrub and barren rock.
This has made immoderate of the island's strategical minerals much accessible for mining firms.
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