Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, October 21, 2010

Russian company seeks control of Canadian uranium-mining firm operating in Rockies By Bruce Finley The Denver Post Read more: Russian company seeks control of Canadian uranium-mining firm operating in Rockies - The Denver Post

Russia's government is trying to enter the U.S. nuclear industry, poised to spend $1.5 billion to acquire a controlling share of Uranium One, a Canadian company operating in the Rocky Mountain region.
"Do you mind some investment? It is a normal commercial operation — not something that is operating on any political guidance," Russian Ambassador Sergey Kislyak said Tuesday, addressing the deal in an interview during a visit to Denver.
"It doesn't matter whether it is uranium or steel or oil or gas," Kislyak said. "What is important is that the positive ties between our two countries seem to be getting more and more expanded. Politically, that is very important."
U.S. Treasury and nuclear regulatory officials must approve the deal. Some Republican lawmakers have objected. More at:

Read more: Russian company seeks control of Canadian uranium-mining firm operating in Rockies - The Denver Post http://www.denverpost.com/ci_16382080#ixzz130ayKiaU

http://www.denverpost.com/ci_16382080#ixzz130ajMj9E

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