Dec 9 (Reuters) - U.S. lawmaker John Moolenaar, the
chair of the U.S. House of Representatives' bipartisan select
committee focused on China, on Thursday raised concerns about
mining group Ivanhoe Atlantic's alleged ties with the Chinese
Communist Party.
"I am writing to bring to your attention information about
companies in concerning ties to the Chinese Communist Party
(CCP) that the State Department has supported. One such company
is Ivanhoe Atlantic (Ivanhoe), a company with well-documented
ties to Chinese state-owned enterprises," Moolenaar, a Michigan
Republican, wrote in a letter addressed to State Department
Secretary Marco Rubio.
Ivanhoe Atlantic's major shareholder is I-Pulse Inc., a US
company founded and chaired by Robert Friedland, according to
the company's website. Friedland is also the founder and
executive co-chair of Toronto-listed Canadian miner Ivanhoe
Mines ( IVPAF ).
Nearly 33% of Ivanhoe Mines ( IVPAF ) is owned by units of Chinese
companies CITIC Group and Zijin Mining, according to LSEG data.
In the letter, Moolenaar pointed Rubio to the U.S. Federal
Communications Commission placing CITIC's telecommunication
services on the list for posing "an unacceptable risk to the
national security of the United States or the security and
safety of United States persons."
He added that Zijin was added in 2025 to the "Uyghur Forced
Labor Prevention Act" (UFLPA) entity list due to the use of
forced labor in China.
Moolenaar linked the two companies and said the stakes in
Ivanhoe Mining "exemplify how the Chinese Communist Party
secures critical mineral supply chains through indirect,
minority-share investments in foreign mining firms as part of
two markets, two resources strategy."
Ivanhoe Atlantic and Ivanhoe Mines ( IVPAF ) did not immediately
respond to requests for comment outside regular business hours.
In July, the U.S. Embassy in Liberia had supported the
signing of an estimated $1.8 billion agreement between Ivanhoe
Atlantic and the Western African nation to create a rail
corridor connecting Guinea and Liberia.
"I share the State Department's commitment to expanding U.S.
commercial engagement in Africa and reducing our reliance on
Chinese-controlled critical mineral supply chains. I am ready to
work with the State Department to ensure that our commercial
diplomacy is free from entanglements with the CCP," Moolenaar
wrote.