How Hunter Biden’s firm helped secure cobalt for the Chinese
An investment firm where Hunter Biden, the president’s son, was a founding board member helped facilitate a Chinese company’s purchase from an American company of one of the world’s richest cobalt mines, located in the Democratic Republic of Congo.
Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.
The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit. The rest of the company is owned or controlled by Chinese investors that include the Bank of China, according to records filed with Chinese regulators.
One of BHR’s early deals was to help finance an Australian coal-mining company controlled by a Chinese state-owned firm. It also assisted a subsidiary of a Chinese defense conglomerate in buying a Michigan auto parts maker.
The firm made one of its most successful investments in 2016, when it bought and later sold a stake in CATL, a fast-growing Chinese company that is now the world’s biggest maker of batteries for electric vehicles.
The mining deal in Congo also came in 2016, when the Chinese mining outfit China Molybdenum announced that it was paying $2.65 billion to buy Tenke Fungurume, a cobalt and copper mine, from the American company Freeport-McMoRan.
Regarding the sickness in America’s government, the Prophet Isaiah wrote, “Ah sinful nation, a people laden with iniquity, a seed of evildoers, children that are corrupters: they have forsaken the Lord, they have provoked the Holy One of Israel unto anger, they are gone away backward. Why should ye be stricken any more? … the whole head is sick, and the whole heart faint. From the sole of the foot even unto the head there is no soundness in it; but wounds, and bruises, and putrifying sores: they have not been closed, neither bound up, neither mollified with ointment” (Isaiah 1:4-6).
We are getting a stark look at just how grave this sickness is! Like our ancestors in ancient Israel, the Americans are fatally weakened not by bullets and bombs, but by sin. During the time of the Israelite King Jeroboam ii, the Prophet Amos condemned greedy leaders who prioritized selfish interests and enriched themselves while afflicting the people of Israel (Amos 6:1-6). Like the Bidens and many other elites, these people “put far away the evil day” and “drink wine in bowls”—acting as if their lavish lifestyle will last forever and ignoring threats to the nation. Yet God warned through the Prophet Amos that enemies will take advantage of our terrible weakness, and among the first to be captured will be these same elites!
“Why It’s OK for Hunter Biden to Use the ‘N-Word,’” June 15, 2021, theTrumpet.com