Sunday, February 13, 2011

ARMZ Buys Wyoming Uranium Mines

That is correct. A Russian company named ARMZ has bought two uranium mines in Wyoming.

The Nuclear Regulatory Commission has approved the license transfer of two Wyoming mines to a Russian company, despite concerns over national security raised by local and national government officials including senior House Republicans.

From the Telegram:
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 NRC last week approved the license transfer to a Russian company known as 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 uranium mine and an existing uranium mine in northeast Wyoming.

The approval comes despite concerns from local and national lawmakers. Bother groups worry that Wyoming’s uranium could in theory go overseas and serve against U.S. interests.
Clever name ARMZ. Those Russians sure do have a sense of humor. The whole deal kind of makes me think of the scrap iron deal with Japan pre-WW2.

Of course once the war started we sent Japan more scrap iron.

Get the poster: Salvage Scrap To Blast the Jap

I wonder if we should start collecting scrap uranium. Just in case.

H/T Bunkerville who also discusses the sale of two BP refineries.

Cross Posted at Classical Values

1 comment:

Anonymous said...

Bunkerville:Thanks for the Link.. nice place!