The miners in Greenland aiming to realize Trump’s ambition of extracting vital minerals from the underground are accused of »pure speculation« with their mining company in Austria.

Mayor warns against company seeking to extract minerals in Greenland

There are still no functioning mines in the Kringlerne mountains in Southern Greenland, which are believed to hold massive amounts of rare minerals. But the permits to dig have become a matter of high-stakes politics. Foto: Morten Rasmussen/Ritzau Scanpix
There are still no functioning mines in the Kringlerne mountains in Southern Greenland, which are believed to hold massive amounts of rare minerals. But the permits to dig have become a matter of high-stakes politics. Foto: Morten Rasmussen/Ritzau Scanpix
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While Greenlandic authorities are currently processing a politically sensitive mining application from an Australian-American mining company that has attracted Donald Trump’s attention, warnings are now coming from Austria.

South of Vienna, the company European Lithium, chaired by Australian Tony Sage, has owned an inactive lithium mine since 2011. After 14 years, mining operations have yet to begin. Instead, European Lithium has been fined for issuing »false and misleading signals« and market manipulation.

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