A dozen executives from companies involved in the deal, including Freeport-McMoRan and Lundin, said in interviews that they were not given a reason for BHR’s participation. Most of the executives also said they were unaware during the deal of Mr. Biden’s connection to the firm.
Paul Conibear, Lundin’s chief executive at the time, said it was made clear that China Molybdenum was leading the transaction even though the buyer of Lundin’s stake was BHR.
“I never really understood who they were,” Mr. Conibear said of BHR.
When the mine was sold, Mr. Biden’s father was near the end of his term as vice president. In the run-up to the 2020 presidential election, Hunter Biden’s business ties in China were widely publicized.
But BHR’s role in the Chinese mine purchase was not a major focus. It has taken on new relevance because the Biden administration warned this year that China might use its growing dominance of cobalt to disrupt America’s retooling of its auto industry to make electric vehicles. The metal is among several key ingredients in electric car batteries.
When asked if the president had been made aware of his son’s connection to the sale, a White House spokesman said, “No.”
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