President Trump did NOTHING that endangered the se
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Posted On: 03/18/2022 11:33:22 PM
President Trump did NOTHING that endangered the security of our country. And unlike Hunter, he did pay his taxes.
Hunter Biden and the cobalt mine
In 2016, an investment firm co-founded by Hunter Biden helped a Chinese mining conglomerate get control of a large Congolese cobalt mine from an American company.
The Obama administration “watched in silence as an American company transferred control of this precious asset to a Chinese conglomerate.” It also asked why “Hunter Biden was—yet again—involved in international matters on which he has no expertise.”
The cobalt deal was “potentially a national security threat” and “a loss orchestrated in no small part by the President’s son.”
Cobalt is a vital element, currently integral to manufacturing many of the lithium-ion batteries needed for many everyday items, as well as electric cars and renewable energy products. For this reason, the U.S. government considers cobalt a "critical mineral," meaning it carries strategic importance for national and economic security.
According to one of the New York Times stories, Tom Perriello, then a top U.S. envoy to Africa, “sounded alarms” within the State Department in 2016 about the sale of Tenke Fungurume, one of the largest cobalt mines in the world, to China Molybdenum, a global mining company with financing from Chinese state banks. Perriello also raised the issue with the National Security Council, according to the story.
A State Department spokesperson declined to comment yesterday evening when asked by E&E News whether the State Department had a role in overseeing the deal.
At that time, Tenke Fungurume was owned by Freeport-McMoRan, a giant mining company based in Arizona.
The deal was made possible with the help of BHR Partners, a Chinese investment firm Hunter Biden helped start with two other Americans and Chinese business partners, according to the other New York Times story Comer cited.
Assisting with the deal, BHR Partners acquired a minority stake held in Tenke Fungurume by Lundin Mining, a Canadian mining company. The $1.14 billion BHR paid to purchase Lundin’s stake “came entirely from Chinese state-backed companies,” The New York Times reported.
BHR agreed to sell its stake in Tenke Fungurume to China Molybdenum in early 2019, giving the Chinese mining company an 80 percent ownership stake.
By the time BHR sold its stake in the mine, Biden controlled 10 percent of the investment firm through a limited liability corporation, according to The New York Times. Clark, Mr. Biden’s attorney, told The New York Times he “no longer holds any interest, directly or indirectly, in either BHR” or the limited liability corporation.
Do your own research - Hunter was just following Hillary's uranium mine sale.
Hunter Biden and the cobalt mine
In 2016, an investment firm co-founded by Hunter Biden helped a Chinese mining conglomerate get control of a large Congolese cobalt mine from an American company.
The Obama administration “watched in silence as an American company transferred control of this precious asset to a Chinese conglomerate.” It also asked why “Hunter Biden was—yet again—involved in international matters on which he has no expertise.”
The cobalt deal was “potentially a national security threat” and “a loss orchestrated in no small part by the President’s son.”
Cobalt is a vital element, currently integral to manufacturing many of the lithium-ion batteries needed for many everyday items, as well as electric cars and renewable energy products. For this reason, the U.S. government considers cobalt a "critical mineral," meaning it carries strategic importance for national and economic security.
According to one of the New York Times stories, Tom Perriello, then a top U.S. envoy to Africa, “sounded alarms” within the State Department in 2016 about the sale of Tenke Fungurume, one of the largest cobalt mines in the world, to China Molybdenum, a global mining company with financing from Chinese state banks. Perriello also raised the issue with the National Security Council, according to the story.
A State Department spokesperson declined to comment yesterday evening when asked by E&E News whether the State Department had a role in overseeing the deal.
At that time, Tenke Fungurume was owned by Freeport-McMoRan, a giant mining company based in Arizona.
The deal was made possible with the help of BHR Partners, a Chinese investment firm Hunter Biden helped start with two other Americans and Chinese business partners, according to the other New York Times story Comer cited.
Assisting with the deal, BHR Partners acquired a minority stake held in Tenke Fungurume by Lundin Mining, a Canadian mining company. The $1.14 billion BHR paid to purchase Lundin’s stake “came entirely from Chinese state-backed companies,” The New York Times reported.
BHR agreed to sell its stake in Tenke Fungurume to China Molybdenum in early 2019, giving the Chinese mining company an 80 percent ownership stake.
By the time BHR sold its stake in the mine, Biden controlled 10 percent of the investment firm through a limited liability corporation, according to The New York Times. Clark, Mr. Biden’s attorney, told The New York Times he “no longer holds any interest, directly or indirectly, in either BHR” or the limited liability corporation.
Do your own research - Hunter was just following Hillary's uranium mine sale.
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