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Greenland has ‘enough minerals’ to attract all interested investors, Danish minister says

Martin Lidegaard, Danish Minister for Business and Competitiveness, said his country, Greenland and the US are “very satisfied” with the agreement on Greenland.

READ MORE : http://www.euronews.com/2026/09/25/greenland-has-enough-minerals-to-attract-all-interested-investors-danish-minister-says

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00:00Just days after his country and the United States inked a deal on Greenland, Martin Liedegaard was the first Danish
00:07ministers to speak exclusively to Euronews about the agreement.
00:11The deal de-escalated a months-long diplomatic crisis over the Arctic territory, triggered by threats from US President Trump
00:19to seize it by force.
00:21The business minister expressed hope that a new chapter can now begin.
00:25For more on this, I'm joined by Euronews' Lauren Walker.
00:30Good morning, Lauren.
00:31So what sense did you get from Minister Liedegaard on how momentous this agreement is?
00:37Yeah, good morning, Stefan.
00:38So I think there is a clear consensus here that this is a very positive outcome.
00:44Denmark and Greenland, I think it's fair to say, will be breathing this sense of relief, this sigh of relief.
00:50Because the agreement essentially brings an end to months of uncertainties and diplomatic difficulties for both parties.
00:59Cast your mind back to the start of this year, where Trump threatened several EU countries with sanctions.
01:07Now, this was in response, basically, to them criticising another threat he made that he would, quote unquote, take Greenland.
01:15Now, over this, he cited national security concerns.
01:18Obviously, we need to bear in mind as well that there are these, it's a strategic location for the US
01:24and the mineral wealth of Greenland as well.
01:28Now, when we look at the agreement itself, it's not really a new agreement.
01:32It's more of rebranding, adding on to an agreement from 1951.
01:38But there are some key differences here.
01:40One being Greenland is a signatory.
01:42That's very, very important, obviously, to Greenland.
01:45And then there are also these clauses that they've added that basically closes the door of Greenland for mining and
01:52military purposes to non-EU, non-NATO countries, unless, obviously, all three signatories agree otherwise.
02:00And this mining, Martin Liddegart also told me, is very, very important for Nuke.
02:06We've also heard this from Nuke themselves, because they really want to exploit the raw critical materials that they have
02:13in Greenland.
02:14Yeah, Nuke, of course, being the capital of Greenland.
02:17Now, from what you say, can we identify winners and losers here?
02:21So, I want to start, obviously, with the Greenlanders.
02:24They will be very, very happy because this agreement, it really recognizes their right to basically decide on their own
02:32future.
02:33Denmark, as I said, is very, very happy because it brings an end to this very, very difficult, tumultuous period
02:39for them.
02:40And Liddegart himself also said that they're now hoping this will bring a new chapter.
02:44A lot of it, obviously, does evolve around the U.S. military and civilian access to Greenland.
02:52We've already heard these reports of two additional military bases.
02:56The U.S. already has one on Greenland.
02:58They now want to create two other ones.
03:01So, that's very, very important for them.
03:03I think it is important to say, though, and it's very notable, that the agreement does stop short of this
03:10call from Trump that he wanted Greenland basically to be recognized as U.S. territory.
03:16The agreement does not do that.
03:18However, this hasn't stopped Trump from making claims in recent days that the agreement gives him existential permanent control over
03:27Greenland.
03:28I put these claims to the Danish minister because, obviously, I was very interested to hear, does Denmark, does Copenhagen
03:35see this as in total, how would we say, in total contrast with what it says in the agreement that
03:42this is Denmark's sovereignty.
03:44But he brushed off any of these comments.
03:47There was a very clear consensus here that they wanted to focus on the positive.
03:51And he told me all three parties are winners here.
03:55Let's take a listen.
03:56Well, this is an agreement which all three parties are very satisfied by.
04:02And we are satisfied because that the territorial integrity is intact, that we ensure the self-dependence of the Greenland
04:13people.
04:14And I think that the Americans are very happy about the fact that they have a huge access to the
04:20Greenland territory when it comes to military bases,
04:22but also when it comes to minerals and stuff like that.
04:26And the Greenlandic are very happy about it because they have their self-dependence and, of course, can decide their
04:31own future.
04:33And then the different parties put different weight on different parts of the agreement.
04:38And would you say you're positive that this agreement will now set a course that we can avoid any escalation
04:45or the threats that we saw earlier over Greenland coming from the US?
04:49Yes, very much so.
04:51And it is my hope and my belief that now we can start a new chapter where we try to
04:58invest together in the security and the development of the Arctic region,
05:03also when it comes to nature and climate, but not least when it comes to defense and mining.
05:09In this agreement, it states that only EU or NATO countries can invest in Greenland.
05:14I want to ask you firstly, does this mean that there will be more, let's say, more investment in Greenland,
05:22perhaps more exploitation of critical raw materials in Greenland?
05:27I hope so.
05:29And I also think that the Greenlandic government hopes so.
05:32There is a huge desire in Greenland, you know, to grow, to create new jobs and also to, when it
05:39comes to mining, have a bigger sector than today.
05:43And that's, you know, you need investors, you need capital, but you also need a market.
05:49And here I sincerely hope that the EU can play a role.
05:53We need many supply chains when it comes to critical raw materials.
05:58I hope Greenland can be one of them.
06:00And what implications will this have on the EU, which is so clearly trying to secure its independence from other
06:08countries when it comes to these critical raw material supplies?
06:12I actually don't think so.
06:13I think there are minerals enough in Greenland that all who are interested to invest in Greenland can actually do
06:19it and benefit from it.
06:21But it will, of course, be up to the Greenlandic government who they deal with, where and in which way.
06:27But as I hear the Greenland government, they are open for business both with Europe and with the US.

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