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Trump promises $2B mining boost, claims painting authority

8/8/2026

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Story summary
  • U.S. President Donald Trump told 200 mining executives at a Friday roundtable he can remove items from government buildings, including a painting for the Oval Office.
  • The White House announced over $2 billion for mining industry revitalization and more than $180 million for mining-school investments after the meeting.
  • He handled a replica gift from American Ocean Minerals CEO, despite prior criticism for not accounting for about 100 foreign gifts worth $250,000.