How China Evades Sanctions & Threatens Global Resources

2430 Group exposed an attempt by a People’s Republic of China (PRC)-backed company, Norin Mining, to hide its connection to its sanctioned parent company while seeking to acquire an Australian private equity firm's shares of its copper mining operations in Zambia. Norin is entrenched in the Democratic Republic of the Congo (DRC), and is attempting to expand into neighboring Zambia, where it appears intent on acquiring copper assets along the strategic Lobito Corridor. This corridor is the planned route of a rail line backed by the U.S. and the E.U. Norin’s acquisition would damage U.S. companies and mining interests, the U.S. sanctions’ regime, and U.S. foreign policy.