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Trump Sons Merge with Kazakhstan Mineral Group Supported by $1.6 Billion from U.S. Government
On May 1, the Financial Times reported that Donald Trump Jr. and Eric Trump merged with a Kazakhstan critical minerals group through a shell company. This group received up to $1.6 billion in support from the U.S. government last year for the development of a tungsten mining project. The report indicates that this tungsten project involves the Katpar and Upper Kairakty deposits in northern Kazakhstan, with financing provided by institutions such as the Export-Import Bank of the United States. The Trump sons joined the advisory board of the related company and hold shares by the end of 2024. The report suggests this is another instance of the Trump family’s business empire being linked to U.S. government interests.