Wall Street Journal: The proposed $2 billion deal would provide investors another way to back America’s race to secure materials critical for munitions, chips and more. Kaz Resources’ crown-jewel asset, a planned tungsten mine partially owned by Kazakhstan’s state-owned mining firm, is key to the Trump administration’s push to improve relations with a government long wedged between Chinese and Russian influence.
…The Trumps are passive investors and their role in the company is nonexistent, said Pini Althaus, the longtime mining executive behind the venture. A direct listing “is a cleaner, quicker way for us to become a publicly traded company.”…