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uranium-one-transaction — Part 01
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CashFlowedtoClanonFowndation Amid RussianUranamDat ..pw/www.nyines.comzosza/s/cash-nowe.wo-clintonfoond..
Mr.Giustra's UrAsia and now Qwned by Uranrum One
Publiely, the company tried to reassure shareholders. Its chiet executive.
Jean Nortier, issued a confident statement ealling the situation a *complete
misunderstanding." He also contradicted Mr.Giustra's conteation that the
uranium deal had not required government blessing. *when you do a
transaction in Kazakhstan, you need the government's approval," he said,
adding that UrAsia had indeed received that approval.
But privately, Uraniam One onncials were wornied they could lose their joint.
reflect concerns that Mr. Dehakishev's arrest was part of a Russian power play
for control ot Kaxakh aranium assets.
At the time, Russia was already eying a stake in Uranium One, Rosatom
company documents show. Rosatom omcials say they were secking to acquire
mines around the word because Russia lacks suifeient donestic reserves to
meet its own industry needs..
It was against this backdrop that the Vancouver~based Uranium One
pressed the American Eanbassy in Kazakbstan, as well as Canadian diplomats, to
take up its cause wnth Kaxakh oncials, according to the American cables.
We want more than a statement to the press,Paul Clarke,a Uraniun Qne
executive vice president,tokd the ambassy's energy oficer on June io,the omicer.
Carke said, was ohcial written connirmation that the licenses were valid.
The Ammerican Embassy uitimately reported to the secretary of state, Mrs.
Chinton. Though the Clarke eable was copied to her, it was given wide
cireulation,and it is wnclear if she would have read it the Chinton campaign did.
not address questions about the cable..
What is clear is that the embassy acted, witk the cables showing that the
energy officer met with Kaxakh officials to discuss the issue on June io and 11.
Three days later, a wholly owned subsidiary of Rosatom completed a deal
substantially upped the snte, with a generous offer to shareholders that would
give it a 5r percent controlling stake. But first, Uranium One had to get the
Ameriean government to sign off on the deal.
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