By Keith Schneider
...What is Uranium One? (click here)
The 12-year-old company, based in Toronto, is a subsidiary of Rosatom, Russia’s state-owned nuclear technology corporation. Uranium One owns uranium reserves and operates a mine in Willow Creek, Wyo.
When I think Wyoming, I think Cheney.
When I think Wyoming, I think Cheney.
What’s the issue?
In 2010, while Hillary Clinton was secretary of State, Rosatom acquired a majority share of Uranium One. Because Uranium One controls 20% of U.S. uranium production capacity, the transaction required federal approval. During the 2016 election campaign, Trump asserted that Clinton “gave 20% of our uranium — gave Russia for a big payment.”
Trump charged that Clinton approved the sale in exchange for $145 million in donations from Uranium One investors to the Clinton Foundation. He argued that Clinton colluded with the Russians and put U.S. national security at risk....
...More than 90% of the roughly 55 million pounds of uranium used in U.S. nuclear reactors each year is imported, principally from Canada and Kazakhstan, according to the Department of Energy. The American uranium market, like the market for coal, appears to be fading. Since 2012, operators have announced retirements for six nuclear plants, or 10% of the 61 nuclear plants operating across the nation. Pittsburgh-based Westinghouse, one of the world’s largest nuclear reactor designers and builders, filed for bankruptcy protection last spring. While reactors consume the largest share of uranium used in the United States, a portion of the radioactive metal was used in producing atomic warheads, which are being removed from the nuclear stockpile....
"Rosatom" (click here)
...More than 90% of the roughly 55 million pounds of uranium used in U.S. nuclear reactors each year is imported, principally from Canada and Kazakhstan, according to the Department of Energy. The American uranium market, like the market for coal, appears to be fading. Since 2012, operators have announced retirements for six nuclear plants, or 10% of the 61 nuclear plants operating across the nation. Pittsburgh-based Westinghouse, one of the world’s largest nuclear reactor designers and builders, filed for bankruptcy protection last spring. While reactors consume the largest share of uranium used in the United States, a portion of the radioactive metal was used in producing atomic warheads, which are being removed from the nuclear stockpile....
"Rosatom" (click here)
