Antinuclear

South Australian uranium mine to be 100% Russian owned

Honeymoon Well uranium mine to go into Russian hands ABC Rural    By Babs McHugh 7 Sept 13, The Honeymoon Well uranium mine in South Australia is set to be 100 per cent Russian owned by the September quarter.

Shareholders of Canadian company Uranium One have approved a buyout offer from the Russian State Corporation for Nuclear Energy, Rosatom.

A Rosatom subsidiary already owns 49 per cent of Uranium One and, once the deal is completed, the new entity will be private.

Honeymoon Well is is the smallest of Australia’s operating uranium mines. The others are Olympic Dam in South Australia, Ranger Mine in the Northern Territory and Beverley Mine in South Australia…… http://www.abc.net.au/news/2013-09-06/russia-to-own-honeymoon-well-uranium-mine/4941128

September 7, 2013 - Posted by Christina Macpherson | business, South Australia, uranium