REPORT: Hunter Biden’s Firm Helped Chinese Company Land Mine Deal Worth Billions

Hunter Biden’s firm has reportedly helped a company from China land a mine deal worth billions of dollars.

It’s a Cobalt mine, which is valuable because it’s used in the production of batteries for electric cars.

Doesn’t that sound like a conflict of interests?

FOX News reports:

Hunter Biden’s firm helped Chinese company purchase rich cobalt mine in $3.8 billion deal: report

An investment firm that counts Hunter Biden among its founders helped a Chinese company purchase one of the world’s most lucrative cobalt mines from an American company, according to a report by The New York Times.

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Biden established the firm Bohai Harvest RST (BHR) Equity Investment Fund Management Company with two other Americans and some Chinese partners in 2013. The American members controlled 30 percent of the Shanghai-based operation and served on the board.

The company notably completed a deal in 2016 that saw a Congo cobalt and copper mine transfer from American company Freeport-McMoRan to Chinese outfit China Molybdenum for the sum of $2.65 billion.

BHR served as a minority stakeholder to buy out around $1.14 billion of shares from Lundin Mining of Canada, who owned a portion of the Congo mine.

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China Molybdenum then bought BHR’s shares of the mine two years later, according to Hong Kong filings. The deal resulted in China Molybdenum owning 80% of the mine, with the remaining portion owned by Congo’s state mining enterprise.

Once again, imagine the reaction from Democrats and media if this was Donald Trump Jr.

The liberal media thinks that if they ignore this, no one will notice.

They’re wrong.

 

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