Facts surrounding what is known as Uranium One
From
the New York Times:
SOURCE:
Cash Flowed to Clinton Foundation Amid Russian Uranium Deal
The headline on the website Pravda trumpeted “Russian Nuclear Energy Conquers the World.”
The article, in January 2013, detailed how the Russian atomic energy agency, Rosatom, had taken over a Canadian company with uranium-mining stakes stretching from Central Asia to the American West. The deal made
Rosatom one of the world’s largest uranium producers and brought Mr. Putin closer to his goal of controlling much of the global uranium supply chain.
Beyond mines in Kazakhstan that are among the most lucrative in the world, the sale gave the Russians control of one-fifth of all uranium production capacity in the United States. Since uranium is considered a strategic asset, with implications for national security, the deal had to be approved by a committee composed of representatives from a number of United States government agencies.
Among the agencies that eventually signed off was the State Department, then headed by Mr. Clinton’s wife, Hillary Rodham Clinton.
As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show, a flow of cash made its way to the Clinton Foundation. Uranium One’s chairman used his family foundation to make four donations totaling $2.35 million. Those contributions were not publicly disclosed by the Clintons, despite an agreement Mrs. Clinton had struck with the Obama White House to publicly identify all donors. Other people with ties to the company made donations as well.
And
shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock.
The path to a Russian acquisition of American uranium deposits began in 2005 in Kazakhstan, where the Canadian mining financier Frank Giustra orchestrated his first big uranium deal, with Mr. Clinton at his side.
The two men had flown aboard Mr. Giustra’s private jet to Almaty, Kazakhstan, where they dined with the authoritarian president, Nursultan A. Nazarbayev. Mr. Clinton handed the Kazakh president a propaganda coup when he expressed support for Mr. Nazarbayev’s bid to head an international elections monitoring group, undercutting American foreign policy and criticism of Kazakhstan’s poor human rights record by, among others, his wife, then a senator.
Within days of the visit, Mr. Giustra’s fledgling company, UrAsia Energy Ltd., signed
a preliminary deal giving it stakes in three uranium mines controlled by the state-run uranium agency Kazatomprom.
( remember the name Kazatomprom )
When The Times published an article revealing the 2005 trip’s link to Mr. Giustra’s Kazakhstan mining deal. It also reported that several months later, Mr. Giustra had donated $31.3 million to Mr. Clinton’s foundation.
Soon, Uranium One began to snap up companies with assets in the United States.
In April 2007, it announced the purchase of a uranium mill in Utah and more than 38,000 acres of uranium exploration properties in four Western states, followed quickly by the acquisition of the Energy Metals Corporation and its uranium holdings in Wyoming, Texas and Utah.
( remember the Uranium One purchase date April 2007 as it comes significnt later in this post )
SOURCE
:
Uranium One deal led to some exports to Europe, memos show
One controversy that it showed up in The Washington Post's official fact-checker site this week. "We have noted repeatedly that extracted uranium
could not beexported by Russia without a license, which Rosatom does not have," the Post reported on Monday, linking to the 2011 Barrasso letter.
Yet NRC memos reviewed by The Hill show that it did approve the shipment of yellowcake uranium - the raw material used to make nuclear fuel and weapons - from the Russian-owned mines in the United States to Canada in 2012 through a third party. Later, the Obama administration approved some of that uranium going all the way to Europe, government documents show.
Rather than give Rosatom a direct export license - which would have raised red flags inside a Congress already suspicious of the deal - the NRC in 2012 authorized an amendment to an existing export license for a Paducah, Ky.-based trucking firm called RSB Logistics Services Inc. to simply add Uranium One to the list of clients whose uranium it could move to Canada.
The license, reviewed by The Hill, is dated March 16, 2012, and it increased the amount of uranium ore concentrate that RSB Logistics could ship to the Cameco Corp. plant in Ontario from 7,500,000 kilograms to 12,000,000 kilograms and added Uranium One to the "other parties to Export."
The move escaped notice in Congress.
Uranium One's American arm, however, emailed a statement to The Hill on Wednesday evening confirming it did export uranium to Canada through the trucking firm and that 25 percent of that nuclear fuel eventually made its way outside North America to Europe and Asia, stressing all the exports complied with federal law.
"None of the US U308 product produced to date has been sold to non-US customers except for approximately 25% which was sold via book transfer at the conversion facilities to customers from Western Europe and Asia," executive Donna Wickers said. "Any physical export of the product from conversion facilities to non-US destinations is under the control of such customers and subject to NRC regulation."
SOURCE:
Cash Flowed to Clinton Foundation Amid Russian Uranium Deal
By June 2009, a little over a year after the star-studded evening in Toronto, Uranium One’s stock was in free-fall, down 40 percent.
Mr. Dzhakishev, the head of Kazatomprom (there’s that name again) had just been arrested on charges that he ILLEGALLY SOLD uranium deposits to foreign companies, including at least some of those won by Mr. Giustra’s UrAsia and now owned by Uranium One.
Clinton Uranium 'Scandal' Doesn't Have Much Fuel
Did Hillary Clinton cut a secret deal in 2010 to hand Russia 20 percent of the U.S.'s uranium deposits? Was Robert Mueller, then the FBI director and now running the investigation into Russian meddling in the presidential election, complicit? Has the New York Times confirmed it all?
Those questions were mostly just making the rounds of the right-wing media until this week, when the Justice Department announced it was going to "evaluate" requests by Republican members of Congress to investigate the woman President Donald Trump reflexively calls "Crooked Hillary."
But is there anything to the accusations? So far, there is little to back them up. And to understand it all, we'll have to take a brief dive into one of the clunkiest acronyms in bureaucratic history: CFIUS (pronounced sif-ee-us). Bear with me.
The Committee on Foreign Investment in the United States has been around for decades, but took its current form in 2007, after an outcry in Congress over the planned takeover of several U.S. ports by a company owned by the government of the United Arab Emirates.
It was a fun to-do about pretty much nothing, pitting the Republican leadership against Republican President George W. Bush and former Republican presidential candidate Bob Dole, who was lobbying for the Arabs. And, of course, the Clintons were involved -- with then-Senator Hillary vigorously opposed to the deal and ex-President Bill
advising the Emiratis. In the end, Congress prevailed, and 22 U.S. facilities stayed out of foreign hands. (In a delicious irony, they eventually ended up owned by AIG, the insurance giant that did its best to destroy the global economy a year later. You couldn't make this stuff up.)
The mandate of CFIUS, which consists of a bevy of U.S. agencies under the direction of the Treasury secretary, is to look into the national-security implications when a foreign government looks to take over an American company. It doesn't actually have the power to quash deals; it can only recommend that the president do so.
If the Dubai Ports World deal was a game of checkers, the Clinton-uranium matter is 3-D chess. And, like so many things involving the former first couple, it centers on a shady character: Frank Giustra, a Canadian businessman who, among other things, founded the movie studio behind that delightful romp "American Psycho" and Michael Moore's conspiracy-mongering "Fahrenheit 9/11."
But for the most part, Giustra has been involved with two erratic entities: the mining industry and Bill Clinton. In 2007, he and the former president created the Clinton Giustra Sustainable Growth Initiative, which self-avowedly "has extensive experience in projects that organize market-driven activities to meet the private sector’s requirements for optimization of local supply chains," whatever that means. By 2006, Giustra had donated more than $30 million to the Clintons' charitable endeavors and pledged $100 million more.
The next year[2007], Giustra sold his mining company, UrAsia, to a large Canadian uranium-mining firm called Uranium One. Soon after that, Russia's state-owned nuclear energy entity Rosatom began to swallow Uranium One piece by piece, and in 2010 proposed upping its stake to 51 percent. Because the company mines in the U.S.,
CFIUS got involved and gave the deal its blessing, as did the Nuclear Regulatory Commission. (Rosatom eventually bought the remaining 49 percent.)
As secretary of state, Hillary Clinton was officially part of the approval loop, but so far
investigations by FactCheck.org and other media organizations have failed to discern whether she was personally involved, and during the presidential campaign a spokesman said she "never intervened" on any CFIUS matter (which, if true, actually seems oddly lax). In any case, what has ruffled feathers here is that by taking over Uranium One, the Russians took control of a substantial portion of America's proven uranium reserves -- 20 percent, according to Rosatom's chief executive.
And while this raises the specter of Russians making away with America's valuable and potentially apocalyptic uranium stores, consider a couple of facts: America accounts for a
relative pittance of the world's uranium production, and it cannot be exported from the U.S. except under rare conditions and with a government-issued license. (It does appear that some of Uranium One's material may have been sent to Europe after being shipped to Canada and mixed with "yellowcake" uranium from other sources.)
The whole thing might easily have slipped under the radar were it not for another unlikely partnership, this one between a conservative muckraker named Peter Schweizer and the New York Times. In May 2015, days after Hillary Clinton made official her second attempt to win the presidency, Schweizer published "Clinton Cash," a brief book with lengthy imputations that the Clinton Foundation and the ex-president himself got rich by using Hillary Clinton's State Department to trade favors with foreign entities.
Given Schweizer's right-wing background -- he's now an editor at large for Breitbart News -- one might have expected the book to rile the Rush Limbaugh crowd but not crack mainstream consciousness. But the Times ensured that it did -- it got an advance copy of "Clinton Cash" and "scrutinized his information and built upon it with its own reporting." The result was a front-page story titled "
Cash Flowed to Clinton Foundation Amid Russian Uranium Deal," and President Trump and his supporters are making hay of it to this very day.