AdvertisementBusinessCompaniesMining Donald Trump, ‘Toxic Bob’ and the $3.1b patch of dirt near Dubbo Simon Johanson August 10, 2026 — 7:30pm Save You have reached your maximum number of saved items. Share A A AA billionaire American mining financier, once known as “Toxic Bob” because of his environmental record, is nearly $124 million richer after US President Donald Trump backed a little-known Australian mining explorer with a $560 million loan. US President Donald Trump (second left) speaks at an event at the weekend with Robert Friedland (second right). The stock ended trading at $18.49, up 16 per cent, giving the company a market capitalisation around $3.1 billion. The US Department of War’s Office of Strategic Capital committed $US400 million ($560 million) in conditional loans to help develop the project.