*** Also see: Cash Flowed Abundantly to the Clinton Foundation as Russians Pressed for Control of Uranium Company
By: Denise Simon
The Russian reset via Hillary appears to be uranium and Putin’s control of the same. Reminder, Russia sells uranium to ahem….Iran.
Last week Newsweek broke a story about InterPipe owned by Victor Pinchuk of Ukraine whose financial worth is estimated at $4.2 billion. He is quite close to the Clintons and generous with his money to their Foundations in exchange for policy decisions at the State Department. As an aside, Pinchuk is tied to Tony Blair, Paul Krugman, Shimon Perez, Dominique Strauss Khan, Larry Summers and well yes, even Elton John.
When it comes to Hillary’s run for the Oval Office, these actions may be coming out too soon given election day in November of 2016, but this could all be a good thing as money going into her campaign may slow to a crawl. It should also be noted that the Gowdy Benghazi Commission reports are not slated to be published either until the height of the election season in 2016.
Now let us move on to uranium and Hillary.
Gifts to Hillary Clinton’s Family Charity Are Scrutinized in Wake of Book
State Department sat on panel that approved sale of mine involving contributor to foundation
Hillary Clinton’s State Department was part of a panel that approved the sale of one of America’s largest uranium mines at the same time a foundation controlled by the seller’s chairman was making donations to a Clinton family charity, records reviewed by The Wall Street Journal show.
The $610 million sale of 51% of Uranium One to a unit of Rosatom, Russia’s state nuclear agency, was approved in 2010 by a U.S. federal committee that assesses the security implications of foreign investments. The State Department, which Mrs. Clinton then ran, is one of its members.
Between 2008 and 2012, the Clinton Giustra Sustainable Growth Initiative, a project of the Clinton Foundation, received $2.35 million from the Fernwood Foundation, a family charity run by Ian Telfer, chairman of Uranium One before its sale, according to Canada Revenue Agency records.
The donations were first reported in “Clinton Cash,” a new book by Peter Schweizer, an editor-at-large at a conservative news website, about the financial dealings of Mrs. Clinton and former President Bill Clinton. A copy of the book, set to be released next month, was reviewed by The Wall Street Journal. The book is to be published by HarperCollins, a division of News Corp. NWSA 0.23 % , which also publishes the Journal.
The book adds fresh details to previous reporting by the Journal and others about potential conflicts between Mrs. Clinton’s private charitable work and her public activities as secretary of state. The Journal reported in February that at least 60 companies that lobbied the State Department during her tenure donated a total of more than $26 million to the Clinton Foundation.
Josh Schwerin, a campaign spokesman for Mrs. Clinton, the front-runner for Democratic presidential nomination, said the Uranium One sale “went through the usual process, and the official responsible for managing CFIUS reviews has stated that the secretary did not intervene with him. This book is twisting previously known facts into absurd conspiracy theories.”
The campaign on Wednesday also provided a comment from Jose Fernandez, a former assistant secretary of state who served as the department’s principal representative on the Committee on Foreign Investment in the United States, or CFIUS, which reviewed the sale. “Secretary Clinton never intervened with me on any CFIUS matter,” Mr. Fernandez said.
In response to past questions about possible conflicts, Mrs. Clinton has said she is proud of the foundation’s work. Earlier this week, she called the book a distraction from real campaign issues.
Mr. Telfer, in an interview Wednesday, said he made the contributions not for the sake of the Clintons, but to support his longtime business partner, Frank Giustra, a Canadian mining executive and longtime Clinton friend who co-founded the program to spur development in poor countries.
“The donations started before there was any idea of this takeover,” Mr. Telfer said. “And I can’t imagine Hillary Clinton would have been aware of this donation to this growth initiative,” he added.
The Fernwood contributions don’t appear on the Clinton Foundation website, as was required under an agreement between the foundation and the Obama administration. A Clinton Foundation spokesman referred questions to the Clinton-Giustra program spokeswoman in Canada, who didn’t respond.
Under the terms of the sale, the company said it wouldn’t seek an export license to send uranium out of the country, and that executives at the U.S.-based unit would control the mine, according to a Nuclear Regulatory Commission report. Uranium One, now a fully owned subsidiary of the Russian nuclear agency, owns a 300,000-acre mine in Wyoming and could produce up to half of the U.S. output of uranium this year. Some members of Congress at the time wrote to the committee calling on it to block the sale.
The Journal confirmed some other instances detailed in the book about Mrs. Clinton’s official activities and her family charity.
In June 2009, the Clinton Giustra initiative received two million shares in Polo Resources, POL 1.33 % a mining investment company headed by Stephen Dattels, a Canadian businessman, according to a Polo Resources news release. About two months later, the U.S. ambassador to Bangladesh pushed the energy adviser to that nation’s prime minister to allow “open pit mining,” including in Phulbari Mines, where Polo Resources has a stake, according to a State Department cable released by WikiLeaks. The company seeking to develop the mine is still waiting for government approval, according to the firm’s website.
It isn’t known whether the Clinton-Giustra program still owns the shares. Neither Mr. Dattels nor his foundation nor Polo Resources are listed as donors by the Clinton Foundation website. Mr. Dattels, who retired in 2013, and representatives for Polo Resources couldn’t be reached for comment.
Irish billionaire Denis O’Brien, who heads a mobile-phone network provider called Digicel, won a $2.5 million award in 2011 from a program run by the State Department’s U.S. Agency for International Development to offer mobile money services in post-earthquake Haiti. The firm won subsequent awards. Funds for the awards were provided by the Bill and Melinda Gates Foundation, while USAID administered the program, with a top Clinton aide directly overseeing earthquake aid.
Mr. O’Brien has given between $5 million and $10 million to the Clinton Foundation since its launch. It is unclear whether Mr. O’Brien gave while Mrs. Clinton was at the State Department because of the way the foundation discloses its donations.
A USAID spokesman said the company met the criteria laid out in the Haiti Mobile Money Initiative. A spokesman for Mr. O’Brien said he couldn’t be reached and declined to comment. The Clinton campaign didn’t respond to request for comment on Polo Resources or Mr. O’Brien.
Write to Rebecca Ballhaus at [email protected] and Peter Nicholas at [email protected]