"Russian Company Gets Wyoming Uranium Mine, Lacks Export License"

"A Russian company that took control of uranium mines in Wyoming is barred from exporting produced material and executives at U.S.-based subsidiaries will remain in charge, according to a Nuclear Regulatory Commission report.

ARMZ, the uranium-holding unit of Russia’s state-owned nuclear-energy group Rosatom Corp. in Moscow, announced a partial takeover of Uranium One Inc. of Vancouver, Canada, this year. U.S. agencies including the Nuclear Regulatory Commission approved the deal.

Federal oversight of the nuclear industry should allay national security concerns that a foreign power would control uranium production, Nick Carter, vice president for Uranium of Ux Consulting in Roswell, Georgia, said in an interview."

Jim Snyder reports for Bloomberg December 6, 2011. A fuller version of this story was reported for Native Sun News, a print-only publication, by Talli Nauman.

Source: Bloomberg, 01/12/2011