Tungsten for the Republic™, Profits for the Family
Trump’s Kazakh tungsten jackpot is exactly what it looks like: a government “critical minerals” program run as a family investment club.
According to the New York Times, Trump personally jumped onto a phone call at the St.
Regis in New York last September as Commerce Secretary Howard Lutnick met Kazakhstan’s president to lock in access to one of the world’s largest undeveloped tungsten reserves for a little‑known American firm now called Kaz Resources.
Before the deal was even signed, U.S. agencies issued preliminary financing commitments of up to 1.6 billion dollars — more than the project’s own estimated cost — via the Export‑Import Bank, the Development Finance Corporation and other channels.
Then comes the punchline: within weeks, investors at Dominari Securities, based in Trump Tower and partly owned by Donald Trump Jr. and Eric Trump, took a 20 percent stake in a corporate vehicle tied to the Kazakhstan project.
Around the same time, Cantor Fitzgerald — controlled by Lutnick’s family and overseen by his sons — helped a related entity raise 210 million dollars, pocketing fees off a deal their father was midwifing from the cabinet.
The Kazakh agreement itself was signed on November 6, six days after the Trump sons’ stake was formalized; public filings then show the new Kaz Resources controlling 70 percent of the key deposits, with Kazakhstan’s state miner holding the rest.
It doesn’t stop there. The Times and follow‑up reporting tally at least 14 companies in which the Trump and Lutnick families have direct or indirect financial interests that are simultaneously pursuing “critical minerals” ventures with U.S. government support, collectively chasing or receiving over 8.9 billion dollars in federal backing.
Officially, it’s about breaking China’s grip on tungsten and other inputs for missiles, jets and chips; in practice, it’s a pipeline where policy decisions at the top of the state translate into asset value and fee income for the same families making the decisions.
#USA #Trump #Kazakhstan #tungsten #corruption #mining #criticalMinerals #fakeDemocracy
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Trump’s Kazakh tungsten jackpot is exactly what it looks like: a government “critical minerals” program run as a family investment club.
According to the New York Times, Trump personally jumped onto a phone call at the St.
Regis in New York last September as Commerce Secretary Howard Lutnick met Kazakhstan’s president to lock in access to one of the world’s largest undeveloped tungsten reserves for a little‑known American firm now called Kaz Resources.
Before the deal was even signed, U.S. agencies issued preliminary financing commitments of up to 1.6 billion dollars — more than the project’s own estimated cost — via the Export‑Import Bank, the Development Finance Corporation and other channels.
Then comes the punchline: within weeks, investors at Dominari Securities, based in Trump Tower and partly owned by Donald Trump Jr. and Eric Trump, took a 20 percent stake in a corporate vehicle tied to the Kazakhstan project.
Around the same time, Cantor Fitzgerald — controlled by Lutnick’s family and overseen by his sons — helped a related entity raise 210 million dollars, pocketing fees off a deal their father was midwifing from the cabinet.
The Kazakh agreement itself was signed on November 6, six days after the Trump sons’ stake was formalized; public filings then show the new Kaz Resources controlling 70 percent of the key deposits, with Kazakhstan’s state miner holding the rest.
It doesn’t stop there. The Times and follow‑up reporting tally at least 14 companies in which the Trump and Lutnick families have direct or indirect financial interests that are simultaneously pursuing “critical minerals” ventures with U.S. government support, collectively chasing or receiving over 8.9 billion dollars in federal backing.
Officially, it’s about breaking China’s grip on tungsten and other inputs for missiles, jets and chips; in practice, it’s a pipeline where policy decisions at the top of the state translate into asset value and fee income for the same families making the decisions.
#USA #Trump #Kazakhstan #tungsten #corruption #mining #criticalMinerals #fakeDemocracy
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