- The talents of Donald Trump’s family members are on full display during his second term as president.
- Brothers Donald Trump Jr. and Eric Trump have bought shares in Skyline Builders, a rare earth tungsten mining company.
- Subsequently, $1,6 billion was allocated from the US budget to finance the deal.
US President Donald Trump Jr. and Eric Trump, sons of the President, are expanding the family business in the highly competitive natural resource sector. According to According to the Financial Times, they acquired a stake in a mining company that recently received significant financial support from the Trump administration.
According to reportedly According to media and online reports, in August 2025, the brothers acquired a stake in Skyline Builders through a shell company, without publicly disclosing the transaction. Such transactions are not illegal in themselves, but their timing has come under scrutiny as events unfolded.
In September 2025, Kazakhstan‘s leadership announced that the US-linked company Cove Kaz would receive a major contract to mine tungsten. This rare earth metal is used in defense systems, aerospace, and industrial equipment, making its supply chains crucial to national security.
At the time of the announcement, it was reported that Skyline Builders was preparing to merge with Cove Kaz. After details of the Kazakhstan deal became public, the Trump sons increased their stake by participating in an additional private placement of $24 million.
In November, the deal received official support at a summit in Washington hosted by Donald Trump. Around the same time, two US government agencies—the Export-Import Bank of the United States and the US International Development Finance Corporation—allocated a combined $1,6 billion to finance the project.
The strategic rationale for the deal was that China dominates the global tungsten market, accounting for over 80% of supply. The United States remains heavily dependent on imports.
In this context of fusion Skyline Builders and Cove Kaz, expected to be completed under the new name Kaz Resources, positions the company as a potentially significant supplier in a limited market.
According to unconfirmed reports, Trump’s sons may control approximately 20% of the combined company, although their names were not included in merger reports. A company spokesperson described their role as passive investments, denying any influence on the government.
There is currently no public evidence of violations of the law, and key details remain unconfirmed in official documents. However, ethics experts note that such situations pose a conflict of interest between the state and business interests.
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