Corporate media largely ignore NYT bombshell on Hunter Biden’s risky Chinese cobalt business deal

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CNN, MSNBC, ABC, CBS, NBC have all remarkably managed to totally ignore a stunning report from The New York Times on Hunter Biden assisting a Chinese company purchase one of the world’s largest cobalt mines from an American company while Joe Biden was still vice president.

The sale has raised legitimate concerns over potential conflicts of interest and whether President Biden actually knew about his son’s business dealings or not. It also rings alarm bells over national security concerns since the Chinese now control the electric vehicle battery market on a global scale just as they significantly control the computer chip market.

Despite all of that, major media outlets have given zero coverage to the development according to transcripts.

This is an ongoing occurrence with the media. They have steadfastly ignored Hunter Biden’s laptop which has also revealed his foreign business dealings.

CNN stands out among the major media outlets after getting caught on leaked audiotapes spiking the New York Post story on Hunter Biden’s laptop.

The damning New York Times report asserts that Hunter Biden founded the firm Bohai Harvest RST (BHR) Equity Investment Fund Management Company with two other Americans and some Chinese partners in 2013. The Americans involved controlled 30 percent of the operation while serving on the board of directors. It was based out of Shanghai.

A deal was reportedly struck in 2016 that transferred a Congo cobalt and copper mine from the American company Freeport-McMoRan to a Chinese entity called China Molybdenum for a cool $2.65 billion.

Biden’s company was a minority stakeholder. They reportedly purchased approximately $1.14 billion from Lundin Mining of Canada. The Canadian company owned a part of the Congo mine.

Following that transaction, China Molybdenum purchased BHR’s shares in the mine two years later. That resulted in the Chinese owning 80 percent of the mine. The remaining shares are owned by Congo’s state mining enterprise, as the report noted.

Hunter Biden reportedly controlled 10 percent of BHR through Skaneateles LLC, a company based in Washington.

According to Biden’s attorney Chris Clark, Hunter Biden “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles,” and Chinese records show that Biden was no longer a member on the board as of April 2020.

Chinese business records indicate otherwise, according to Fox News. As of April 2021, Hunter Biden still owned a 10 percent stake in BHR.

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

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

One of BHR’s earliest deals helped finance an Australian coal-mining company controlled by a Chinese state-owned firm, according to Business Insider. It also facilitated a subsidiary of a Chinese defense conglomerate in buying a Michigan auto parts maker.

The Washington Free Beacon first broke the story in January 2020.

That is just one scandal in a long line involving Hunter Biden.

Another involves a Chinese secretary named JiaQi Bao. She was in a relationship with Hunter Biden and was ostensibly feeding disinformation to his father back in 2016 and 2017.

This one involves a gas deal that fell through that would have benefited the Bidens a great deal. The transaction involved the transfer of liquified American natural gas from Louisiana to a Chinese energy company named CEFC, through a 2017 deal struck by Hunter and Jim Biden, newly uncovered documents from the laptop reveal, according to Breitbart News.

Meanwhile, ranking member of the House Oversight Committee James Comer (R-KY) claims that Hunter Biden’s business dealings will continue to be a top priority for Republicans as they continue to dig into them.

Follow the money:


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