North Korea offers minerals to lure Chinese investment

North Korea offers minerals to lure Chinese investment

North Korea is expanding a minerals-for-investment arrangement with Chinese partners, offering raw tungsten and molybdenum ore as payment for mining equipment and capital. Trading companies in the Rason Special Economic Zone, a jointly designated free-trade area on North Korea’s northeastern coast bordering China and Russia, are leading the push, structuring deals that fall outside the scope of U.N. Security Council sanctions. “Recently, some tr…