Connect with us

Hi, what are you looking for?

News

Hunter Biden Firm Helped Chinese Company Secure $3.8B Cobalt Mines

Chinese dominance in the market of an essential ingredient in electric vehicle batteries was helped along by the efforts of Hunter Biden, according to a new report.

As noted by the website mining.com, the Democratic Republic of the Congo holds 51 percent of the world’s cobalt.

The website noted that China’s efforts to corner the cobalt market “could pose a threat to western market participants” based on an industry expert report, saying that the partnership between China and Congo “could pose problems to those in the West.”

All that was in the future when, while Joe Biden was vice president, Hunter Biden was doing business with China through a company called BHR. The company was created in 2013 and was formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company, according to The New York Times.

Hunter Biden and two American associates made up a minority interest in the investment company, the report said, with Chinese investors making up the rest.

A Senate report on Hunter Biden’s activities said BHR “was eventually formed as an investment fund and is reportedly ‘controlled and funded primarily by large Chinese government-owned shareholders’ and is 80% controlled by Chinese entities.”

In 2016, according to the Times, Hunter Biden’s firm played a key role in helping a Chinese company called China Molybdenum buy Tenke Fungurume, a cobalt and copper mine, from Freeport-McMoRan, an American company. Its role was to partner to buy out Lundin Mining of Canada, a minority partner in the mine.

According to records in Hong Kong, as part of the multi-billion-dollar deal, “the $1.14 billion BHR, through subsidiaries, paid to buy out Lundin came entirely from Chinese state-backed companies.”

Hunter Biden’s investment firm later sold its stake in the mine back to China Molybdenum.

When BHR sold its share in 2019, Hunter Biden held a 10 percent interest in the company through Skaneateles LLC.

Skaneateles is solely owned by Hunter Biden, according to a report in the Washington Examiner.

The unusual name for a firm investing in China matches the name of the home town of President Joe Biden’s first wife, Neilia, who is also Hunter Biden’s mother.

The report noted that the LLC’s address matches a previous residence for Hunter Biden.

Chinese records list Skaneateles as a part owner of BHR, but Chris Clark, a lawyer for Hunter Biden, said that he “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.”

“We don’t know Hunter Biden, nor are we aware of his involvement in BHR,” said Vincent Zhou, a spokesman for China Molybdenum, in an email to the Times.

The Times report said it tried to get White House reaction and phrased its response this way: “When asked if the president had been made aware of his son’s connection to the sale, a White House spokesman said, ‘No.’”

25 Comments
  • eingriff says:

    It’s not so much that Biden and his ilk are so clever. People are asleep at the switch.

    Since its founding, PRC, a communist barbarian nation, has been at war with global civilization.
    The civilized nations should focus on recovering from China the damages caused by the pandemic, unfair trade practices, global warming disinformation, and aggression on land and sea. All Chinese property within reach, including debts to China, should be attached to pay judgments and recompense expenses resulting from China’s corrupt and barbaric conduct, including war reparations. Put a total embargo on China. Make joining this embargo a condition of every international trade agreement. Blockade China. No blockaded country has won a war.

    Because of the recent communist coup in America, the third in 13 years, leadership in the defense against China falls to its many friends and allies. They should, among other things, accelerate the formation of CANZUK and press for the creation of the American Canal between Brownsville and San Diego. The American Canal will be a sea-level seaway like the Suez Canal, with no need for locks. Transit will be much faster than through Panama’s canal with its 12 locks. Submarines can transit submerged. Fuel can be taken on at Brownsville, San Diego, and other nearby points.

    THE AMERICAN CANAL WILL COMPOUND THE UTILITY OF AMERICAN AND ALLIED MILITARY ASSETS BY GREATLY FACILITATING THEIR DEPLOYMENT AND REDEPLOYMENT WORLD-WIDE.

    Through the American Canal CANZUK’s United Kingdom would have direct sea-level seaway routes to the Pacific ports of its other constituent parts, Canada, Australia and New Zealand, westerly as well as the current more convoluted and vulnerable routes easterly through Suez. And the westerly routes to the Pacific would also give the UK direct sea-level routes to friendly nations arrayed against communist China, like Japan, South Korea, Taiwan, the Philippines, Vietnam, Indonesia, Malaysia, Myanmar, Thailand, Sri Lanka and India.

  • eingriff says:

    It’s not so much that Biden and his ilk are so clever. People are asleep at the switch.

    Since its founding, PRC, a communist barbarian nation, has been at war with global civilization.

    The civilized nations should focus on recovering from China the damages caused by the pandemic, unfair trade practices, global warming disinformation, and aggression on land and sea. All Chinese property within reach, including debts to China, should be attached to pay judgments and recompense expenses resulting from China’s corrupt and barbaric conduct, including war reparations. Put a total embargo on China. Make joining this embargo a condition of every international trade agreement. Blockade China. No blockaded country has won a war.

    Because of the recent communist coup in America, the third in 13 years, leadership in the defense against China falls to its many friends and allies. They should, among other things, accelerate the formation of CANZUK and press for the creation of the American Canal between Brownsville and San Diego. The American Canal will be a sea-level seaway like the Suez Canal, with no need for locks. Transit will be much faster than through Panama’s canal with its 12 locks. Submarines can transit submerged. Fuel can be taken on at Brownsville, San Diego, and other nearby points.

    THE AMERICAN CANAL WILL COMPOUND THE UTILITY OF AMERICAN AND ALLIED MILITARY ASSETS BY GREATLY FACILITATING THEIR DEPLOYMENT AND REDEPLOYMENT WORLD-WIDE.

    Through the American Canal CANZUK’s United Kingdom would have direct sea-level seaway routes to the Pacific ports of its other constituent parts, Canada, Australia and New Zealand, westerly as well as the current more convoluted and vulnerable routes easterly through Suez. And the westerly routes to the Pacific would also give the UK direct sea-level routes to friendly nations arrayed against communist China, like Japan, South Korea, Taiwan, the Philippines, Vietnam, Indonesia, Malaysia, Myanmar, Thailand, Sri Lanka and India.

  • Mandy says:

    Hillary Clinton sold off our uranium to Russia and the Bidens sold off our cobalt…..Hey DNC voters, the US can’t really afford another one of your Communist pols.

  • You May Also Like

    News

    Several left-leaning student organizations at Arizona State University are demanding that their administration “withdraw” Kyle Rittenhouse from the university. The Arizona State University Students...

    News

    With Fauci, big government fanatics, Democrat officials, and the biopharma lobby all turning the Omicron (not to be confused with Xi as the WHO...

    News

    Civil rights lawsuits in the Kyle Rittenhouse case have been something of a topic for conversation, especially since the young man was found “not...

    News

    The Omicron variant of the coronavirus has been detected in Australia in two people who were vaccinated against the coronavirus. Although the lethality of...

    Team Tucker Carlson is a project created with a mission to spread the message of Tucker Carlson and report the news that the liberal media won’t report. We are not affiliated with Tucker Carlson.

    >