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Uranium One, Canadian miners, Clintons and Russia: The New York Times looks at the “untold story”

by Greg Klein | April 22, 2015

An April 23 New York Times exposé sparks renewed controversy over the $1.3-billion takeover of former TSX listing Uranium One by Russia’s state-owned Rosatom. The article examines aspects of the strategically strange deal, in which Russia gained control of a Vancouver-headquartered company with uranium assets in Kazakhstan “among the most lucrative in the world,” as well as “one-fifth of all uranium production capacity in the United States.”

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 totalling $2.35 million.—The New York Times

While the deal was winning American government approvals, the NYT states, Canadian mining heavyweights donated heavily to Bill and Hillary Clinton’s family charity. “Among the agencies that eventually signed off was the State Department, then headed by Mr. Clinton’s wife,” the story reports.

“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 totalling $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 NYT concedes that “whether the donations played any role in the approval of the uranium deal is unknown.” The paper also quotes a spokesperson for Hillary Clinton’s presidential campaign who said that no one “has ever produced a shred of evidence supporting the theory that Hillary Clinton ever took action as secretary of state to support the interests of donors to the Clinton Foundation.”

The Canadian government as well as several U.S. agencies approved the deal, he added.

Read the New York Times article.

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