USA 2020 Elections: Thread

[grarpamp]

Rumors suggest Joe Biden and Family got at least 10% for Hunter's
brokering of this Chinese Mining deal selling out the USA, continuing
enslavement of Congolese...



https://www.dailymail.co.uk/news/article-10226309/Hunter-Biden-firm-helped-Chinese-company-purchase-one-worlds-largest-cobalt-mines.html

Hunter Biden's private equity firm helped Chinese conglomerate buy
American-owned cobalt mine in $3.8 billion deal: Purchase helped China
company gain world's largest deposit of precious metal used to make
batteries for electric vehicles

    Hunter Biden's investment firm partnered with a Chinese company to
buy the world's larges cobalt mine from an American company in 2016
    Biden was one of three Americans who founded the BHR private
equity firm with Chinese partners in 2013
    The firm helped buy out a minor stakeholder in the Congo's Tenke
Fungurume cobalt mine to help China Molybdenum buy it from
Freeport-McMoRan
    The $3.8 billion deal helped secure China's dominance over the
previous metal, which is one of the key components of the batteries
used for electric vehicles
    Earlier this year, Biden had warned that America's electric car
development could be threatened by China's control over cobalt

By Ronny Reyes For Dailymail.Com

Published: 02:12 EST, 21 November 2021 | Updated: 09:09 EST, 21 November 2021

An investment firm founded by Hunter Biden assisted a Chinese company
in purchasing one of the world's richest cobalt mines from an American
company for $3.8 billion - helping the conglomerate gain a massive
share of the key metal used to make electric car batteries.

The president's son was one of three Americans who joined Chinese
partners in establishing the Bohai Harvest RST Equity Investment Fund
Management Company, or BHR, in 2013.

The Americans controlled 30 percent of the company and made successful
investments that culminated in aiding China Molybdenum purchase the
Tenke Fungurume cobalt mine in the Congo from the American company
Freeport-McMoRan in 2016, the New York Times reported.

The news comes after President Joe Biden had warned that China could
use its dominance of mined cobalt to disrupt America's development of
electric vehicles.

It also adds to the scrutiny Biden and his father have faced for his
dealings with Chines and Ukrainian companies while Joe was vice
president and later running for president.
Hunter Biden (pictured on November 10) was one of three American
founders of a investment firm primarily owned by Chinese partners. The
firm helped secure the richest cobalt mine in the world for a Chinese
company in 2016
+5

Hunter Biden (pictured on November 10) was one of three American
founders of a investment firm primarily owned by Chinese partners. The
firm helped secure the richest cobalt mine in the world for a Chinese
company in 2016
Biden founded BHR with two other Americans and Chinese partners in
2013. He was no longer part of the board as of April 2020

Biden founded BHR with two other Americans and Chinese partners in
2013. He was no longer part of the board as of April 2020
Bohai Harvest RST Equity Investment Fund Management Company, or BHR,
partnered with China Molybdenum to buy the Tenke Fungurume cobalt mine
in the Congo (pictured)
+5

Bohai Harvest RST Equity Investment Fund Management Company, or BHR,
partnered with China Molybdenum to buy the Tenke Fungurume cobalt mine
in the Congo (pictured)
Biden's firm made the deal with Joe Biden, right, was still vice
president. The now president has warned that America's electric
vehicle production could he stunted by China's dominance over cobalt,
one of the key components of the electric batteries
+5

Biden's firm made the deal with Joe Biden, right, was still vice
president. The now president has warned that America's electric
vehicle production could he stunted by China's dominance over cobalt,
one of the key components of the electric batteries

BHR slowly made its way into an investment powerhouse after helping
finance an Australian coal-mining company controlled by a Chinese
state-owned firm, the paper reported.

The investment company's big break came in 2016 when it bought and
sold a stake in CATL, a Chinese company that is now the world's
biggest maker of batteries for electric vehicles.

That same year, China Molybdenum - one of the world's leading
producers of the precious metals molybdenum and tungsten - announced
it would purchase the Tenke Fungurume cobalt mine from
Freeport-McMoRan, an American mining company.
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But in order to purchase the mine, the Chinese company needed a
partner to buy out one of the stakeholders, Lundin Mining of Canada.

That's when BHR came in to buy out Lundin with $1.14 billion raised
entirely from obscure Chinese state-backed companies, according to the
Times.

Biden still controlled 10 percent of BHR when its shares of the mines
were sold to China Molybdenum in 2019.
The Tenke Fungurume cobalt mine, in the Congo, is worth $3.8 billion
and holds the largest deposit of the metal
+5

The Tenke Fungurume cobalt mine, in the Congo, is worth $3.8 billion
and holds the largest deposit of the metal
The mines were purchased from the American-based Freeport-McMoRan
company, which owns mines across the nation (pictured a
Freeport-McMoRan mine in Colorado)
+5

The mines were purchased from the American-based Freeport-McMoRan
company, which owns mines across the nation (pictured a
Freeport-McMoRan mine in Colorado)

Chris Clark, one of Biden's lawyers, said the president's son 'no
longer holds any interest, directly or indirectly, in either BHR or
Skaneateles,' a firm Biden used to control his BHR shares.

Chinese records show Biden was no longer on BHR's board as of April
2020, and a former board member told the Times that the American
founders were not directly involved in the mine deal and supposedly
earned only a nominal fee from it.

'We don't know Hunter Biden, nor are we aware of his involvement in
BHR,' Vincent Zhou, a spokesman for China Molybdenum, said in a
statement.

A White House spokesman told the Times that President Biden has not
been made aware of his son's connection to the sale.

The president has often faced backlash for Biden's dealings with
Chines and Ukrainian companies through banks, lobbies and investment
firms.

The necessity for cobalt by American companies was made even more
vital after the president signed an executive order in August
outlining a goal to have electric and other zero-emissions vehicles
make up half of the new cars and trucks sold in the U.S. by 2030.

The 50 percent goal is nonbinding and mostly symbolic, but it sets the
expectation for U.S. automakers to begin the transition from building
gas-powered vehicles to electric ones.

It includes battery electric, plug-in hybrid electric, or fuel cell
electric vehicles. Biden also included the first-ever national network
of electric vehicle charging stations in his $1.2 trillion
infrastructure bill.