Hunter Biden Helped China Purchase Rich Cobalt Mine in $3.8 Billion Deal

Fact checked
Hunter Biden deal allowed China to purchase Cobalt mine

Hunter Biden helped China purchase one of the world’s most lucrative cobalt mines from America, according to a damning report by The New York Times.

Biden established the firm Bohai Harvest RST (BHR) Equity Investment Fund Management Company with some Chinese partners in 2013. reports: The company notably completed a deal in 2016 that saw a Congo cobalt and copper mine transfer from American company Freeport-McMoRan to Chinese outfit China Molybdenum for the sum of $2.65 billion. 

BHR served as a minority stakeholder to buy out around $1.14 billion of shares from Lundin Mining of Canada, who owned a portion of the Congo mine. 

China Molybdenum then bought BHR’s shares of the mine two years later, according to Hong Kong filings. The deal resulted in China Molybdenum owning 80% of the mine, with the remaining portion owned by Congo’s state mining enterprise. 

The Times reported that Biden controlled 10 percent of BHR through Skaneateles LLC, a company based in Washington. 

Chris Clark, a lawyer for Biden, said he “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles,” and Chinese records indicated Biden was not a member on the board as of April 2020. 

But Chinese business records reviewed by Fox News in April 2021 showed that Hunter Biden continued to hold a 10% stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co. through Hunter’s company, Skaneateles LLC.

“He has been working to unwind his investment, but I would certainly point you — he’s a private citizen,” Psaki said at that time. “I would point you to him or his lawyers on the outside on any update.”

A former board member also claimed that money from the deal – which the owners were not involved in – went to the operating funds and did not distribute among the owners. 

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

Hunter Biden’s business ties remain an item of intense scrutiny for the media, particularly his activity in China. President Biden particularly warned about China’s growing dominance of cobalt as a stumbling block to America’s attempts at shifting from petrol gas to electric cars, as cobalt is a key ingredient in electric car batteries. 

Tesla last year pursued a deal to acquire Glencore, a Canadian mining company, in an effort to increase its acquisition of cobalt for its electric car batteries. 


  1. So what Most of China’s been so heavily “invested” in by Western industrialists that really it might AZ well be Western anyway And since the Bank of England REALLY owns
    the HSBC you might as well call it english. They just let the CCP be on stage for military purposes For bucks in the bank. Its all fraud

    • Currently? Think again. Piracy was invented by England under the Jolly Roger. Centuries ago as a way to subvert Admiralty law.

      • Yeah and.. currently is still the proper term for the point of my post.
        I wasn’t going backwards. We could go backwards 6,000 years or just to the hellfire club. But I was talking about current timing. Hence the presence tense.

  2. The Biden’s are corrupt.. why are they not in jail? It’s not just their political connections. They are simply doing gangster Capitalism just as very many in the so-called Free, Capitalist societies. I’m amused that China is playing the same game very successfully and it infuriates the Washington elites.

  3. Russia/china doesn`t need anything from anyone other than to sell us junk they make.Russia has endless mines and fuel and china has all the slave labor so to ship metals to china from maricas would`nt be cost effective.Maricas was never a REAL super power that was all HOGwash brain wash by the FRatty ratty`SS

    • Look most things made in China are made by western owned corporations and have been for decades They’re not Chinese they’re Philips and Sony and Westunghouse and Sony andvallbrhe rest. They tell the slaves how to make them and what to make and rhe governments allow the crap to be imported and sold And tax them. Australia sells them their iron ire and coal and makes billions from that every year China buys aussie farms. Its all interactive and none of its simple like the nefia want the people to believe You can’t trust media They need their licence from the government to operate so can’t be honest. And vice versa.

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