Hunter Biden’s PE company facilitated China’s nearly $4 billion takeover of US cobalt mines

Before Hunter Biden was an artist Who are the paintings sold to? tens of thousands of dollars for each “anonymous” buyer, he is an entrepreneur whose activities include private equity projects with the Red Chinese.

One such project is China’s takeover of a formerly US-owned and operated cobalt mine in the Democratic Republic of Congo. Cobalt is a very useful mineral used for various alloys, alternative energy projects such as electric car batteries, orthopedic implants and others. DRC Ratio about 70% of cobalt production.

In any case, the mine was once owned by an American company called Freeport-McMoRan. Then ZeroHedge report that it “was purchased in 2016 after Chinese mining company China Molybdenum announced a partnership with Bohai Harvest RST (BHR) founded by Biden – with China contributing $2.65 billion and BHR contributing $1. $.14 billion to acquire a minority stakeholder, Canada’s Lundin Mining.

Bohai’s funding for the mine is entirely owned by state-owned Red Chinese corporations, which means Biden’s company does not only do business with the Chinese, but sponsored by companies owned by CCP.

ZeroHedge adds that:

In 2019, when Hunter controlled 10% of the company through Washington-based Skaneateles, LLC, BHR sold its shares. As the Times notes, Chinese business records show Skaneateles remains part owner of BHR, however, Biden’s attorney Chris Clark said that Hunter “no longer holds any interest, directly or indirectly, in BHR or Skaneateles.”

According to a former BHR board member, Hunter and the other American founders were not involved in the mining deal and the company only earned a ‘nominal’ fee for the deal. The proceeds are supposed to go towards the operating expenses of the company and are not distributed to its owners.

However, while that board member may insist Hunter was not involved in the transaction, it remains unclear why Hunter’s company was chosen the other way around. As the New York Times reported in its article on trading:

A dozen executives from the companies involved in the deal, including Freeport-McMoRan and Lundin, said in interviews that they must not give a reason for joining the BHR. Most of the executives also said they were not aware of the deal about Biden’s connection to the company.

Paul Conibear, Lundin’s chief executive officer at the time, made it clear that China Molybdenum was leading the trade even though the buyer of Lundin’s shares was BHR.

I never really understood who they were,” Mr. Conibear said of BHR

So the Canadian company in the new agreement that BHR, the private equity firm of Hunter Biden, has entered into the agreement, but does not know why; Despite being one of the big buyers (remember, with money coming from Chinese SOEs), Chinese Molybdenum has the lead. BHR is just there.

That’s similar to Hunter’s Board member position for the Ukrainian gas giant Burisma, where, despite knowing nothing about natural gas pipelines and speaking no Ukrainian, Mr. earned $850,000. Again, he was “just there” and made a lot of money there.

The difference is, this time, instead of just being there for a US ally, his presence has facilitated a The $3.8 billion transaction means that a cobalt mine formerly owned by the US has been transferred to a CCP consortium. In doing so, he has placed the production of an extremely important resource, especially for future technologies such as electric cars, in the hands of the CCP.. And the only logical reason he got cut in the trade is that he’s the son of Joe Biden… Hunter Biden’s PE company facilitated China’s nearly $4 billion takeover of US cobalt mines

Huynh Nguyen

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