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Russian company gets control of Wyoming uranium mines

NRC approves uranium license transfer in Wyoming – BusinessWeek, By MEAD GRUVER, 1 Dec 10, CHEYENNE, Wyo.Two uranium mines in Wyoming are on their way to control by a Russian company now that the Nuclear Regulatory Commission has approved transferring the mines’ licenses.The commission last week approved the license transfer involving a Russian company, JSC Atomoredzoloto, or ARMZ, which expects to obtain a controlling interest in Canadian-owned Uranium One by year’s end. Uranium One holds the licenses for a proposed in-situ uranium mine and an existing in-situ uranium mine in northeast Wyoming………..Uranium One on Friday announced closing the initial $610 million phase of the transaction with ARMZ. The companies expect a final deal giving ARMZ a 51 percent holding in Uranium One shares to close by the end of December. NRC approves uranium license transfer in Wyoming – BusinessWeek

December 2, 2010 - Posted by | business and costs, USA

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