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Anxiety in USA over foreign ownership of uranium mining

There is considerable political angst that uranium mined in Wyoming could wind up in Iran because Russian government-owned Atomredmetzoloto (ARMZ) supplies that neighboring and highly unfriendly nation.

Nuclear power revival fuels debate over foreign companies mining uranium on public lands By David O. Williams, Real Vail – October 25, 2010 Colorado’s “New Energy Economy” will ultimately stall if a nuclear power revival isn’t part of the mix, proponents of the state’s uranium mining industry say, but conservationists argue uranium’s toxic legacy on the Western Slope isn’t worth the price.
Now there is growing controversy over foreign companies seeking to cash in on mining uranium from Colorado’s public lands. Near Telluride, a Canadian company is trying to develop a uranium mill to process yellowcake, and at the headwaters of the Arkansas River near Cañon City, there are several controversial mining and milling projects…..
One of those more pro-mining Rocky Mountain states is neighboring Wyoming, where Uranium One is launching an in-situ mining project in the Powder River Basin. Republican lawmakers have objected to the purchase of Uranium One by Russian government-owned Atomredmetzoloto (ARMZ) for national security reasons.

There is considerable political angst that uranium mined in Wyoming could wind up in Iran because ARMZ supplies that neighboring and highly unfriendly nation. ……..U.S. Treasury Secretary Tim Geithner also must sign off on the sale, and he will have to do so under a cloud of suspicion dating to the Cold War and the fact that a deal supplying American nuclear plants with uranium from old Russian nuclear weapons is set to expire in 2013……

October 26, 2010 - Posted by | opposition to nuclear, USA | , , , , , ,

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