nuclear-news

Goldman Sachs going into uranium

Goldman’s glowing – NYPOST.com, By MARK DeCAMBRE , August 20, 2010 Goldman Sachs is about to go nuclear.The gold-plated investment bank, run by CEO Lloyd Blankfein, is making a concerted push into the delivery of uranium for the first time, adding to its high-powered commodities platform…..The uranium operation was mostly an afterthought until recently, when Goldman saw demand from some of its big clients — mostly large utility companies both here and abroad.

In fact, sellers and operators of nuclear power plants around the world have been gobbling up uranium assets and stakes in uranium miners at a rapid clip over the past few months.

Russia has expressed a strong appetite for uranium stockpiles. Recently, state-owned nuclear company ARMZ acquired a 50-percent stake in Canadian uranium mining company Uranium One for $610 million. Goldman’s glowing – NYPOST.com

August 21, 2010 - Posted by Christina Macpherson | business and costs, Uranium, USA | antinuclear, nuclear costs, nuclear spin, uranium