China’s Limac Corp. and North Korea’s Ryonbong General Corp. established a joint venture in 2008 to mine tantalum, niobium, and zirconium—materials that can be used in nuclear reactors and missile technology. The U.S. sanctioned Ryonbong for its involvement in the production of weapons of mass destruction in 2005, and the U.N. followed suit in 2009.Sponsored Ads
Limac told the WSJ that it has been trying to dissolve the partnership since 2009, yet the joint venture maintained a registered corporate office in China until February. Limac’s website reportedly showed that Ryonbong and Limac representatives discussed advancing the relationship in 2011, and 14 Limac employees visited North Korea as part of a company-sponsored vacation in 2014. This information has since been deleted from the website.