Russia drops investment in Australian uranium mining company

Russia drops Mantra uranium deal after Japan quake, Google  news, (AFP) – 18 March 11 MOSCOW — A subsidiary of Russia’s atomic energy agency said Thursday it was withdrawing its $1.16 billion offer for Australia’s Mantra Resources because of the nuclear power plant problems in Japan.The Australian company’s shares lost about a third of their value on the Toronto Stock Exchange on Wednesday in line with other massive losses suffered by the world’s big nuclear energy firms.The Russian Federal Atomic Agency’s ARMZ uranium producer said in a statement that the Japanese nuclear crisis fundamentally altered the Australian company’s long-term value…..AFP: Russia drops Mantra uranium deal after Japan quake

Russian uranium company Atomredmetzoloto, to own Utah town

SALT LAKE CITY, Dec. 12 (UPI) — A Russian company has won approval to take over a U.S. uranium operation, including a whole town in Utah, an executive says.Citing national security, four members of Congress had urged the U.S. Treasury to keep the Canadian Uranium One company from selling majority ownership to Atomredmetzoloto, whose parent entity is Rosatom, the Russian nuclear agency. One concern is that Rosatom has sent highly radioactive reactor fuel to Iran.
But the Treasury Department, the U.S. Nuclear Regulatory Commission and the Utah Division of Radiation Control have approved the deal, The Salt Lake Tribune reported….Russian firm buying U.S. uranium mine – UPI.com

Uranium mining in USA open to takeover by foreign companies

The roots of the problem reach back to the 1872 mining law, which allows any claimholder, domestic or foreign, to mine on the majority of America’s public lands – and to take billions of dollars in minerals for free,”

Uranium deal with Russians shows need for mining reform, activists say « Colorado Independent By David O. Williams 11/29/10 ,Mining reform groups over the weekend reacted sharply to Wednesday’s decision by the U.S. Nuclear Regulatory Commission (pdf) to allow the transfer of two uranium mining licenses in Wyoming to Atomoredzoloto (ARMZ), a firm controlled by the Russian state nuclear agency.