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Rhiannon12866

(261,326 posts)
Mon Jun 29, 2026, 09:25 PM 2 hrs ago

Trump's Mining Scheme SURGES Into Spotlight As Son's Massive Profit Revealed - The Damage Report



Donald Trump's billion-dollar mining deal with Kazakhstan surges into the spotlight as investments reveal that Trump's sons and Howard Lutnick's sons will directly benefit from the international deal using taxpayer dollars and set up through their companies. John Iadarola and Jayar Jackson break it down on The Damage Report. - 06/29/2026.


Read more here:

Trump Cut a Billion-Dollar Mining Deal. His Sons Stand to Profit. - https://www.nytimes.com/2026/06/28/world/europe/trump-lutnick-sons-kazakhstan.html

"When Commerce Secretary Howard Lutnick met with Kazakhstan’s president at the St. Regis Hotel last September in New York, President Trump jumped in by phone as the men sealed a deal on a top priority for Washington.

During the call, Mr. Trump and his team won an agreement from the Kazakh leader to give a little-known American company access to one of the world’s largest untapped reserves of tungsten, a metal that the United States desperately needs for the production of missile warheads, fighter jets, computer chips and other critical goods.

Ahead of the deal, the Trump administration approved preliminary applications for as much as $1.6 billion in federal financing for the American company, now called Kaz Resources, which plans to break ground on the project in rural Kazakhstan."

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