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US approval a step toward Russian company control of Wyoming uranium mines Published on November 30th, 2010 Topics : Nuclear Regulatory Commission , Uranium One , Wyoming , U.S. CHEYENNE, Wyo. - 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...

Republicans who captured the House last month in part on the strength of a promise to rein in government spending have tapped a veteran lawmaker known as the "prince of pork" to head the powerful House Appropriations Committee. And the decision's not sitting so well among some conservatives. Rep. Harold "Hal" Rogers, who earned the "pork" nickname by steering hundreds of millions of federal dollars to projects in his rural district in Kentucky over a 30-year career in Congress, will chair the 60-member Appropriations Committee, the panel responsible for disbursing more than $1 trillion in non-entitlement-program dollars every year. Rogers...

ARMZ, the uranium mining arm of Russia's state-owned atomic energy monopoly, Rosatom, is taking a 51 percent interest in Canada's Uranium One. The acquisition will make ARMZ the world's fourth largest uranium mining company, according to a report in the Financial Times, and is part of the company's program of aggressive international expansion. It already has deals or is in serious discussion of deals with France, India, and South Korea, and hopes to be the world's second largest producer within a decade, trailing only Kazakhstan. Evidently the deal is structured financially in a way that will enable the paired companies...