Obama Administration Had Final Say on Clinton Uranium Deal

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The timeline below follows a trail of acquisitions and charitable donations ultimately resulting in the sale of 20% of the United State’s uranium supply to the Russians. It has also come to light in recent months that Hillary Clinton, while secretary of state, chose not to operate under a government issued email address but under a private email address and server based out of her own home. A look at the timeline below will give you an idea of why one might wish to conceal her communications and avoid government scrutiny.

Just as significant, however, is not that Bill and Hillary Clinton – by way of their foundation – played instrumental and beneficiary roles in the Russian acquisition of an American uranium company, but the fact that the deal could not not have been closed without another party’s approval.

Quite possibly the most damning revelation is that the Obama Administration had the final say on the acquisition. While Bill Clinton did facilitate the process and benefit financially in result, any deal giving the Russians a majority stake of a company would not have been possible without the approval of the American government. The New York Times reports:

“Since uranium is considered a strategic asset with implications for national security, the deal had to be be approved by a committee composed by representatives from a number of United States government agencies.”

In order to acquire a majority stake (51%) of Canada-based Uranium One, the acquisition needed to be approved by a special committee – a committee made up of President Obama’s Cabinet.

This committee consisted of Hillary Clinton as Secretary of State, Eric Holder as Attorney General, as well as the Secretaries of Defense, the Treasury, Homeland Security, Commerce, and Energy.


Late 2004: Frank Giustra, founder of Lions Gate Entertainment, begins talks with mining investors. Giustra forms a uranium mining company that what would ultimately be known as UrAsia, Ltd.

June 2005: UrAsia sends an engineering consultant to Kazakhstan to assess uranium properties.

Sept 6, 2005: UrAsia chair Frank Giustra flies with Bill Clinton to Almaty, Kazakhstan where Giustra meets with Kazakh oil head Dzhakishev and Kazakh’s near-dictator president Nazarbayev. Giustra’s budding company beats out larger companies’ bids and seals a deal for three uranium properties in a matter of weeks, something unheard of.
Kazakhstan has about 1/5th of the world’s uranium reserves and was considered a premier location for mining

Late 2005/Early 2006: A few months after the deal is made, Frank Giustra gives a total of $31.3 million to the Clinton Foundation.

Sept 2006: Giustra co-produced a birthday gala celebrating Bill Clinton’s 60th birthday, an event that was attended by Jon Bon Jovi and other celebrities. The gala also raised $21 million for the Clinton Foundation.

2007: Giustra gives $100 million to the Clinton Foundation after a meeting at the foundation’s headquarters in Harlem, New York. Also present at the meeting was Mexican billionaire Carlos Slim, who also gave $100 million to the foundation.

Feb 2007: A mining company by the name of Uranium One agrees to pay $3.1 billion to acquire UrAsia, Ltd. Giustra, a chair and major shareholder of UrAsia is paid $7.05 per share. (One share of UrAsia was worth as little as 10 cents just two years earlier.)

Also in Feb 2007: Mr. Dzhakishev, chief of Kazakhstan’s state-owned Kazatomprom, visits Bill Clinton’s home in Chappaqua, New York for a three-hour meeting. Frank Giustra is also in attendance. Dzhakishev states the meeting was held to discuss Kazakhstan’s wish to buy 10% Westinghouse, a nuclear technology supplier.

June 14 or 15, 2009: Russia’s state-controlled atomic energy company, Rosatom, buys a 17% stake of Uranium One.

June 2010: Rosatom declares its wish to own a majority stake (51%) of Uranium One, a transaction that must be approved by the American government.

June 29 2010: The Clinton Foundation is paid $0.5 million by a Russian investment bank after Bill Clinton gives a speech in Moscow. The investment bank had a “buy” rating on Uranium One shares.

Oct 2010: The Committee on Foreign Investments in the United States approves the sale of 51% of Uranium One to Russia’s Rosatom.

Jan 2013: ARMZ, an arm of Rosatom takes over 100% of Uranium One and subsequently de-lists Uranium One from the Toronto Stock Exchange. Uranium One, now owned principally by the Russians, is no longer a public company.

 

The United States relies on nuclear power for approximately twenty percent of its electrical energy. The country produces however, only one-fifth of the uranium it needs.

In his opening monologue, conservative radio host and constitutional scholar Mark Levin asks what the Obama Administration knew about the deal and when it knew it. Whether the committee was aware of donations received by Clinton Foundation should be examined as a separate issue in itself. More urgent, was Obama in on the passing of 20% of America’s uranium over to Rosatom? How involved was Valerie Jarrett? What communication, if any, did the White House have with America’s greatest geopolitical foe?

After the deal was approved, Rosatom’s chief executive, Sergei Kiriyenko, remarked in an interview to Vladimir Putin, “Few could have imagined in the past that we would own 20% of U.S. reserves.”