Frank wrote on Jun 6
th, 2026 at 3:10pm:
Armchair_Politician wrote on Jun 6
th, 2026 at 1:53pm:
Another Farcebook TDS splutter.
When did they acquire the shares?
Months before the Kazakh prez met Trump.
What knowledge did they have that wasnt public?
The US is in open competition with China over rare earths. This has been public knowledge for years. Why woulc you not invest in Us companies that are parr of this competition?
Do you want the Trumps and other Americans to invest in Chinese companies against American ones?
President Kassym-Jomart Tokayev has pursued a deliberate policy of attracting Western capital into Kazakhstan's resource sector, partly as a counterbalance to the country's historically close ties with both Russia and China. This creates a genuinely complex operating environment: Kazakhstan must balance economic partnerships with multiple powers while attempting to monetise its mineral wealth on favourable terms.
...
The development plan reportedly includes two processing plants and a dedicated metallurgical facility within Kazakhstan. This is significant because tungsten processing is chemically complex, involving multiple stages from crushing and flotation concentration through to the production of ammonium paratungstate (APT), the primary tradeable intermediate form of refined tungsten.
Building this infrastructure within Kazakhstan rather than exporting raw ore represents a substantially higher capital commitment but also creates significantly more value within the host country, which likely factored into Kazakhstan's decision to award the project. Securing reliable tungsten offtake agreements with Western end-users will, however, be equally critical to the project's long-term commercial viability.
...
The Kazakhstan government awarded the project to Cove Kaz Capital in September 2025, reportedly over competing bids from Chinese and Russian entities. The formal joint venture agreement with Tau-Ken Samruk was concluded in November 2025. US government financing agencies subsequently indicated interest in providing up to $1.6 billion in combined support, against a total project development cost of $1.1 billion.
...
Reports indicate that the Kazakhstani government selected Cove Kaz Capital over competing proposals from Chinese and Russian interests. If accurate, this represents a deliberate strategic choice by Astana to orient a major mineral asset toward Western capital and supply chains. The growing importance of tungsten in defence and aerospace applications has made such supply chain realignments a priority for Western governments and their allies alike.
For Kazakhstan, such decisions carry significant diplomatic weight, as the country must balance its economic relationships with Russia (through shared Soviet-era infrastructure and the Eurasian Economic Union) and China (its largest trading partner) against growing engagement with Western investors and institutions. Whether this decision reflects a durable strategic realignment or a calculated tactical move to maximise leverage across multiple partners remains an open analytical question.https://discoveryalert.com.au/trump-sons-tungsten-kazakhstan-critical-minerals-i...Not so breathless, not so TDS.
Yes, all that would be true, dear boy, without one teensy little fact.
Eric and Don Jnr have a
20% stake in the company. Strange, some may say. Eric and Don Jnr typically invest Daddy's money in hotels and golf courses, don't they? Okay, maybe a little memecoin startup here or there. But come come, what on earth do they know about tungsten mining in Kazakhstan?
Er, how to get $1.8 bil out of the US government and security off the Kazakhstani government?
Oh, I see. Naughty Hunter Biden-type behaviour, even though he never actually did it.
But I say, dear boy. In the other thread, Aquascoot's telling us all how the Don's just doing this politics nonsense for the cash. At least he has the balls to be corrupt, Aquascoot said, it's really rather brave when you think about it.
I'll have you know I gave him a good piece of my mind.
How very dare you, we said. The Don has
principles. He's doing politics to save unborn babies and drill baby drill and keep all those Nig Nogs out.
Aquascoot didn't know what to say, poor thing. I hope he's alright.
I left out a few key principles, I know. Oh - taking Greenland off the Danes. How could I miss that one?
No doubt Eric and Don Jnr have a stake in that one too, no?
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