Bill Clinton’s charity received $31.1M For Help With Uranium Deal

Just happened to stumble onto this from Sweetness & Light

After Mining Deal, Financier Donated to Clinton Charity

January 31, 2008

After Mining Deal, Financier Donated to Clinton Charity

By JO BECKER and DON VAN NATTA Jr.

Late on Sept. 6, 2005, a private plane carrying the Canadian mining financier Frank Giustra touched down in Almaty, a ruggedly picturesque city in southeast Kazakhstan. Several hundred miles to the west a fortune awaited: highly coveted deposits of uranium that could fuel nuclear reactors around the world. And Mr. Giustra was in hot pursuit of an exclusive deal to tap them.

Unlike more established competitors, Mr. Giustra was a newcomer to uranium mining in Kazakhstan, a former Soviet republic. But what his fledgling company lacked in experience, it made up for in connections. Accompanying Mr. Giustra on his luxuriously appointed MD-87 jet that day was a former president of the United States, Bill Clinton.

Upon landing on the first stop of a three-country philanthropic tour, the two men were whisked off to share a sumptuous midnight banquet with Kazakhstan’s president, Nursultan A. Nazarbayev, whose 19-year stranglehold on the country has all but quashed political dissent.

Mr. Nazarbayev walked away from the table with a propaganda coup, after Mr. Clinton expressed enthusiastic support for the Kazakh leader’s bid to head an international organization that monitors elections and supports democracy. Mr. Clinton’s public declaration undercut both American foreign policy and sharp criticism of Kazakhstan’s poor human rights record by, among others, Mr. Clinton’s wife, Senator Hillary Rodham Clinton of New York.

Within two days, corporate records show that Mr. Giustra also came up a winner when his company signed preliminary agreements giving it the right to buy into three uranium projects controlled by Kazakhstan’s state-owned uranium agency, Kazatomprom.

The monster deal stunned the mining industry, turning an unknown shell company into one of the world’s largest uranium producers in a transaction ultimately worth tens of millions of dollars to Mr. Giustra, analysts said.

Just months after the Kazakh pact was finalized, Mr. Clinton’s charitable foundation received its own windfall: a $31.3 million donation from Mr. Giustra that had remained a secret until he acknowledged it last month. The gift, combined with Mr. Giustra’s more recent and public pledge to give the William J. Clinton Foundation an additional $100 million, secured Mr. Giustra a place in Mr. Clinton’s inner circle, an exclusive club of wealthy entrepreneurs in which friendship with the former president has its privileges

Full meal deal from sweetness & light.

3 thoughts on “Bill Clinton’s charity received $31.1M For Help With Uranium Deal

  1. You would think a story like this would hurt Hillary’s campaign. But there has been little mention of the story. It aired once on CNN and the pundit said it won’t hurt Clinton, because the story is too complex, despite the seriousness of story, and the fact the story should receive considerable attention. Ok, so a sex scandal gets years of media attention and a story where he profits millions from his involved in uranium mining in a country with a brutal dictator, not so important.

  2. Complicated circumstances never register with the American public. When Bill Clinton was reported to have given technology to China that could be used for military purposes, no one batted an eye lash, but it was Monica Lewinsky that got every one’s attention.
    I do not mind people complaining about George W. Bush, but when they start blaming him for earthquakes, bad weather, and all the troubles in the world, I think whoa…
    I can not wait to see the next president make this world a paradise, but I will not hold my breath.

  3. There never was a government surplus under Bill Clinton. It was a “projected surplus”, i e “if I win the lottery tomorrow I will pay off my bills”.
    The Clintons had, and have the American public so blinded, they will believe anything that comes out of their mouths.
    It is not popular to bash Obama Barak, but he has never come clear on his stand for Islam. And is talking about “talking” with the terrorists. Daniel Pearl tried that, and was brutally murdered.
    All I can say is pray, pray, and pray. Poor America!

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