Post #341

How to Earn on Geopolitics 🤝 True entrepreneurs never miss a chance to profit from someone's national interests 🇺🇸 US lawmakers accuse the State Department of advancing China’s economic agenda. Representative John Moolenaar, Chairman of the Select Committee on China, criticised Secretary of State Rubio for supporting the bid of the American company Ivanhoe Atlantic to gain control over the Yekepa–Buchanan railway in Liberia. 🌟 Suddenly it "turned out" that the company (called Ivanhoe Atlantic, once again) is linked to another mining company, Ivanhoe Mines — through its head, Robert Friedland, who, as if by surprise, is the founder of and one of the chairs in both firms. Ivanhoe Mines, in turn, is at least 33% owned by the Chinese — Zijin Mining and the state-owned CITIC — and operates copper projects in southern DRC. 🗽 Remarkably, while one third of one of Friedland’s assets is held by the Chinese, Ivanhoe Atlantic sells its projects to general public as a way to reduce China’s control over critical minerals in West Africa. 🔸 For years such schemes — telling everyone you are defending their interests while collecting money from all sides — could work. But Washington and Brussels are now increasingly suspicious of any form of Chineseinvolvement, even if the Chinese were merely breathing air somewhere near the project. ➡️ Follow to stay informed - @devilsbelow