US to force Chinese company near nuke arsenal in Wyoming to sell its land

[KARAH RUCKER]

THE BIDEN ADMINISTRATION IS FORCING A CHINESE-BACKED CRYPTOCURRENCY MINING COMPANY TO SELL LAND NEAR AN AIR FORCE BASE THAT HOUSES PART OF THE U-S NUCLEAR ARSENAL IN WYOMING.

THE WHITE HOUSE FEARS CHINA MAY BE USING IT TO FOR SPY ON THE U-S.

MINE-ONE PARTNERS LIMITED WAS ORDERED TO SELL THE LAND IN THE NEXT 120 DAYS AND REMOVE ITS EQUIPMENT.

THE PROPERTY IS LESS THAN A MILE FROM THE FRANCIS E. WARREN AIR FORCE BASE, HOME TO SOME OF THE U-S’S INTERCONTINENTAL BALLISTIC MISSILES. 

THE WHITE HOUSE DESCRIBED THE BASE AS A “STRATEGIC MISSILE BASE AND KEY ELEMENT OF AMERICA’S NUCLEAR TRIAD.” AND WARNED: 

“THE PRESENCE OF SPECIALIZED AND FOREIGN-SOURCED EQUIPMENT POTENTIALLY CAPABLE OF FACILITATING SURVEILLANCE AND ESPIONAGE ACTIVITIES PRESENTS A NATIONAL SECURITY RISK TO THE UNITED STATES.”

THE ORDER COMES AFTER AN INVESTIGATION BY THE COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES, WHICH IS CHAIRED BY THE TREASURY DEPARTMENT.

THE COMMITTEE INVESTIGATES CORPORATE DEALS REGARDING NATIONAL SECURITY CONCERNS.

A 2018 LAW GAVE THE COMMITTEE MORE POWER TO REVIEW PROPERTY TRANSACTIONS CLOSE TO SENSITIVE U-S FACILITIES.

MINE-ONE, WHICH IS OWNED BY CHINESE NATIONALS, BOUGHT THE LAND IN 2022.

THE WHITE HOUSE SAYS MINE-ONE’S PROPERTY PURCHASE WAS NOT FILED TO THE COMMITTEE ON FOREIGN INVESTMENT UNTIL AFTER THE AGENCY LAUNCHED AN INVESTIGATION INTO THE COMPANY FOLLOWING A PUBLIC TIP, AN INVESTIGATION THAT  FOUND THE LAND SALE POSED “NATIONAL SECURITY RISKS”.

BIDEN SAID FINDINGS SUGGEST THERE WAS “CREDIBLE EVIDENCE” TO BELIEVE MINE-ONE “MIGHT TAKE ACTION TO IMPAIR NATIONAL SECURITY OF THE UNITED STATES.”

MINEONE HAS YET TO RESPOND TO THE REPORT.

THE U-S HAS SHOWED INCREASED CONCERN OVER NATIONAL SECURITY THREATS POSED BY CHINESE PURCHASES NEAR SENSITIVE U-S MILITARY SITES.

CHINA IS RETALIATING BY ENHANCING RESTRICTIONS ON U-S COMPANIES, ALSO CITING NATIONAL SECURITY RISKS. THE COUNTRY HAS STRENGTHENED A LAW AGAINST SHARING STATE SECRETS TO INCLUDE “WORK SECRETS,” WHICH LACKS CLEAR DEFINITION. LEAVING FOREIGN INVESTORS UNCLEAR ON IF OR WHEN THEY MIGHT BE BREAKING THE LAW. THE  LAW ALSO KEEPS RESTRICTIONS ON OVERSEAS TRAVEL BY PEOPLE WORKING WITH SO-CALLED “STATE SECRETS.”

THE COUNTRY ALSO BLOCKED U-S TECH COMPANIES INCLUDING, MICRON, WHICH MANUFACTURES MEMORY CHIPS IN THE U-S, FROM SELLING PRODUCTS IN CHINA.

THE RESTRICTION CAME AFTER A SECURITY REVIEW AND CRACK DOWN ON SEVERAL FOREIGN CONSULTING FIRMS IN 2023.

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