This Uranium Deal Was No Scandal
- 6 years ago
This Uranium Deal Was No Scandal
Because American mining yields only 2 percent of world output, and under 10 percent of
that comes from the Uranium One license, the allegation that this was a major prize for the Russians turns out to be absurd: Less than one-fifth of 1 percent of global output comes from Uranium One’s holdings in the United States
In an ancillary part of the deal, Rosatom also bought mining rights in the United States, where uranium production is sparse.
But about 70 percent of world production comes from just three countries: Kazakhstan
(almost 40 percent), Canada (over 20 percent) and Australia (nearly 10 percent).
A growing chorus of Trump supporters claimed that the sale didn’t happen for business reasons,
but in exchange for millions in donations by people associated with Uranium One to the Clinton Foundation, led by Mrs. Clinton’s husband, former President Bill Clinton.
In 2010, Rosatom, the Russian nuclear energy agency, bought a controlling interest in Uranium One, a Canadian-based company
that owned valuable extraction rights in Kazakhstan, Canada and Australia.
Because American mining yields only 2 percent of world output, and under 10 percent of
that comes from the Uranium One license, the allegation that this was a major prize for the Russians turns out to be absurd: Less than one-fifth of 1 percent of global output comes from Uranium One’s holdings in the United States
In an ancillary part of the deal, Rosatom also bought mining rights in the United States, where uranium production is sparse.
But about 70 percent of world production comes from just three countries: Kazakhstan
(almost 40 percent), Canada (over 20 percent) and Australia (nearly 10 percent).
A growing chorus of Trump supporters claimed that the sale didn’t happen for business reasons,
but in exchange for millions in donations by people associated with Uranium One to the Clinton Foundation, led by Mrs. Clinton’s husband, former President Bill Clinton.
In 2010, Rosatom, the Russian nuclear energy agency, bought a controlling interest in Uranium One, a Canadian-based company
that owned valuable extraction rights in Kazakhstan, Canada and Australia.