Trump Administration Approved $1.6B Kazakhstan Mining Deal Tied to Lutnick and Trump Sons
Summary
The New York Times reports that Commerce Secretary Howard Lutnick met with Kazakhstan's president in September 2024 to negotiate a deal granting U.S. company Kaz Resources access to major tungsten reserves. The Trump administration approved up to $1.6 billion in federal financing for the project. Both Lutnick's sons (Kyle and Brandon) and Donald Trump's sons (Eric and Donald Jr.) have direct or indirect ties to the company, raising potential conflicts of interest.
Source
bskyTrump Administration Approved $1.6B Kazakhstan Mining Deal Tied to Lutnick and Trump Sonsdemocracynow.orgKey quotes
· 3 pulledThe New York Times reports Commerce Secretary Howard Lutnick met with Kazakhstan's president last September in New York, where the pair negotiated a deal giving a U.S. company called Kaz Resources access to one of the world's largest untapped reserves of tungsten.
Ahead of the deal, the Trump administration greenlighted as much as $1.6 billion in federal financing for the project.
Howard Lutnick's sons, Kyle and Brandon Lutnick, as well as Eric and Donald Trump Jr., are all tied directly or indirectly to the company.
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