1016 GMT - President Trump's goal of mining for minerals in Greenland is both challenging and unprofitable, Rio Tinto Chief Executive Jakob Stausholm says in an interview with CNBC at the World Economic Forum in Davos, Switzerland. Rio Tinto has been examining the business case for mining in Greenland for 15 years but has never been able to come up with a profitable project, he says. There are a lot of minerals in Greenland but the lack of roads and need to rely on airborne logistics make costs enormous, he says. Rio Tinto's London-listed shares trade 1% lower at 4,949.50 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 23, 2025 05:16 ET (10:16 GMT)
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