When a Chinese company sought a 51-percent stake in a tiny Nevada gold mining operation in 2009, it set off a review process in Washington D.C., over concerns about the mine’s proximity to a military installation and the potential for minerals at the site, including uranium, to come under Chinese control. Thankfully, federal officials killed the deal.
However, the path to a Russian acquisition of U.S. uranium deposits which began in 2005, didn’t get the same review. The Russians assumed control of Uranium One in three transactions between 2009 to 2013, after Canadian billionaire Ian Telfer used his family foundation, Fernwood to make four donations to the Clinton Foundation totaling $2.35 million.
His donations included $1 million reported in 2009, the year his company appealed to the American Embassy to help it keep its mines in Kazakhstan; $250,000 in 2010, the year the Russians sought majority control; as well as $600,000 in 2011 and $500,000 in 2012.
He and his business partner Frank Giustra (also a Canadian) gave millions also arranged for a $500,000 speech by Bill Clinton bankrolled by a Russian investment bank, Renaissance Capital which is known to have links to the Kremlin and was promoting Uranium One stock. Those contributions were not publicly disclosed; despite an agreement, Hillary had struck with the Obama White House to publicly identify all donors.
A few days later, the deal their company UrAsia Energy Ltd., found approval with the Kazakhstan government. The sale gave the Russians control of one-fifth of all uranium production capacity in the U.S and by 2013, 100-percent of Uranium One.
It’s also been learned that 22 of the 37 corporations nominated for a State Department award while Hillary Clinton was Secretary of State were also donors to the Clinton family foundation. Cisco was the biggest foundation contributor nominated in 2009, giving the Clinton charity between $1 million and $5 million, winning the award in 2010.
The non-profit company, Tom’s Shoes, also a 2009 winner, donated between $100,000 and $250,000. The other 2009 winner, Trilogy International Partners, gave between $50,000 and $100,000 to the Clinton Foundation.
Another Clinton contributor to win, is candy-maker Mars, Inc. which gave between $25,000 and $50,000. Procter & Gamble also contributed one to five million dollars.
Honored as a finalist in 2010, Coca-Cola shelled out $5-to-10 million donations in donation money. Tiger Machinery, a 2011 finalist, the Russian dealer of Caterpillar, Inc., also gave between $1,000 and $5,000 to the Clinton Foundation.
Nominated each year of Clinton’s time in office, Intel took home the award in 2012, after donating between $250,000 and $500,000. And in 2014, Esso-Angola won after its parent company, Exxon-Mobil gave between $1 and $5 million to the Clinton Foundation.
Overall, seven of the 10 finalists in 2009 were foundation donors. Seven of the 12 finalists for the award in 2011 gave to the charity, while five of the eight finalists and one of the two winners were foundation donors in 2012.
The Clinton family’s charity took in more than $140 million in 2013 but spent just $9 million on direct aid. Their 2013 tax returns show the foundation spent $30 million on payroll and employee benefits; $8.7 million in rent and office expenses; $9.2 million on “conferences, conventions and meetings”; $8 million on fund-raising; and nearly $8.5 million on travel.
National Review’s Jonah Goldberg’s description is dead on, “The Clintons are the Tudors of the Ozarks.”