Cookie Control

This site uses cookies to store information on your computer.

Some cookies on this site are essential, and the site won't work as expected without them. These cookies are set when you submit a form, login or interact with the site by doing something that goes beyond clicking on simple links.

We also use some non-essential cookies to anonymously track visitors or enhance your experience of the site. If you're not happy with this, we won't set these cookies but some nice features of the site may be unavailable.

By using our site you accept the terms of our Privacy Policy.

(One cookie will be set to store your preference)
(Ticking this sets a cookie to hide this popup if you then hit close. This will not store any personal information)

"Russian Company Gets Wyoming Uranium Mine, Lacks Export License"

"A Russian company that took control of uranium mines in Wyoming is barred from exporting produced material and executives at U.S.-based subsidiaries will remain in charge, according to a Nuclear Regulatory Commission report.

ARMZ, the uranium-holding unit of Russia’s state-owned nuclear-energy group Rosatom Corp. in Moscow, announced a partial takeover of Uranium One Inc. of Vancouver, Canada, this year. U.S. agencies including the Nuclear Regulatory Commission approved the deal.

Federal oversight of the nuclear industry should allay national security concerns that a foreign power would control uranium production, Nick Carter, vice president for Uranium of Ux Consulting in Roswell, Georgia, said in an interview."

Jim Snyder reports for Bloomberg December 6, 2011. A fuller version of this story was reported for Native Sun News, a print-only publication, by Talli Nauman.

Source: Bloomberg, 01/12/2011