Timeline: Uranium Exec. Gave $31.3 Million to Clinton Foundation, Russian Bank Paid $500K to Bill Clinton

By Michael W. Chapman | October 20, 2017 | 5:41pm EDT
President Bill Clinton and
former Secretary of State
Hillary Clinton. (YouTube)

Presented below is a timeline of events involving former President Bill Clinton, uranium mining deals in Kazakhstan, multi-million dollar donations to the Clinton Foundation, and the U.S.-government approved sale of Uranium One to the Russian state-owned Rosatom, a purchase now under investigation by Senate Judiciary Committee Chairman Charles Grassley (R-Iowa).

Information for this timeline is taken from two articles in The New York Times that were respectively published on Jan. 31, 2008 and April 23, 2015 – After Mining Deal, Financier Donated to Clinton and Cash Flowed to Clinton Foundation Amid Russian Uranium Deal.  (They are designated in the timeline as NYT 1/31/08 and NYT 4/23/15.)

August 2005: Canadian mining executive Frank Giustra directs his newly formed company, UrAsia Energy Ltd., to send an engineering consultant to Kazakhstan to assess several uranium mines. (NYT 1/31/08)

Mining executive and investor Frank Giustra and President
Bill Clinton.  Giustra also is a board member
of the Clinton Foundation. (YouTube) 

Sept. 6, 2005: Frank Giustra, on his private jet, flies former President Bill Clinton to Kazakhstan, a former Soviet Republic. (NYT 1/31/08)

After landing in the city of Almaty, Giustra and Clinton have dinner with Kazakhstan’s authoritarian president, Nursultan Nazarbayev. During the visit, Giustra reportedly speaks about his mining interests with Nazarbayev. (NYT 1/31/08)

In Almaty, Bill Clinton praises Nazarbayev for “opening up the social and political life of your country,” and he endorses Kazakhstan’s bid to head the Organization for Security and Cooperation in Europe, a view in contrast with the U.S. government’s position. (NYT 1/31/08)

Clinton’s remarks hand “the Kazakh president a propaganda coup” and Kazhakhstan highlights Clinton’s endorsement in news releases. (NYT 4/23/15)

Sept. 8/9, 2005: Guistra’s “fledgling company, UrAsia Energy Ltd., signed a preliminary deal giving it stakes in three uranium mines controlled by the state-run uranium agency KazAtomProm.” (NYT 4/23/15)

KazAtomProm had to approve the deal, according to its then-CEO Moukhtar Dzhakishev and, he added, President Nazarbayev ultimately signed off on the transaction. (NYT 1/31/08)

“The monster deal stunned the mining industry, turning an unknown shell company [UrAsia Energy Ltd.]  into one of the world’s largest uranium producers in a transaction ultimately worth tens of millions of dollars to Mr. Giustra, analysts said.” (NYT 1/31/08)

2006: Frank Giustra donates $31.3 million to the Clinton Foundation. (Neither Giustra nor Clinton disclose precisely when the donation was made.) (NYT 1/31/08)

September 2006: Giustra co-produces a gala for Bill Clinton’s 60th birthday, which raises $21 million for the Clinton Foundation. (NYT 1/31/08)

President Barack Obama and Kazakhstan President Nursultan Nazarbayev. (YouTube)

February 2007:  Giustra’s company, UrAsia Energy, merges with Vancouver-based Uranium One, a reported $3.5 billion deal.  In Uranium One, UrAsia Energy is still controlled by one of its investors, Ian Telfer, a Canadian. (NYT 4/23/15)

February 2007: KazAtomProm CEO Moukhtar Dzhakishev travels to Chappaqua, N.Y. and meets with Bill Clinton in his home, a meeting arranged by Frank Giustra. Clinton and Giustra at first denied to the New York Times that the meeting occurred but when presented with facts about the meeting, “both men acknowledged it.” Giustra also admitted that he arranged the gathering, claiming that the event “escaped my memory until you raised it.” (NYT 1/31/08)

“Mr. Dzhakishev said he had a vivid memory of his Chappaqua visit, and a souvenir to prove it: a photograph of himself with the former president. ‘I hung up the photograph of us and people ask me if I met with Clinton and I say, Yes, I met with Clinton.’ He said, smiling proudly.” (NYT 1/31/08)

2007: Ian Telfer donates no more than $250,000 to the Clinton Foundation. (NYT 4/23/15)

2007: Frank Giustra sells his stake in the Uranium One merger for a reported $45 million. (NYT 4/23/15)

President Bill Clinton, founder and chairman of the
Clinton Foundation. (Screenshot: YouTube) 

April 2007: In addition to its newly acquired assets in Kazakhstan, Uranium One starts buying uranium mines in Utah, Wyoming, Texas and Utah. (NYT 4/23/15)

May-June 2009: KazAtomProm CEO Moukhtar Dzhakishev is removed from his position and arrested “on charges that he illegally sold uranium deposits to foreign companies, including at least some of those won by Mr. Giustra’s UrAsia and now owned by Uranium One.” (NYT 4/23/15)

June 2009: Rosatom, the Russian Federation state corporation that oversees nuclear energy, seeks to buy into Uranium One. (NYT 4/23/15)

Mid-June 2009: ARMZ, “a wholly owned subsidiary of Rosatom completed a deal for 17 percent of Uranium One.” ARMZ/Rosatom takes steps to obtain larger shares in Uranium One and contacts the Committee on Foreign Investment in the United States for review and potential approval. (NYT 4/23/15)

2009: Uranium One’s Ian Telfer, through his family charity the Fernwood Foundation, donates $1 million to the Clinton Foundation, “the year his company appealed to the American Embassy to help keep its mines in Kazakhstan.” (NYT 4/23/15)

Vladimir Putin, president of the Russian Federation. (YouTube)

2010: Telfer, through the Fernwood Foundation, donates $250,000 to the Clinton Foundation, “the year Russians sought majority control” of Uranium One. (NYT 4/23/15)

June 2010: Bill Clinton gives a speech in Moscow for a $500,000 fee, paid for by Renaissance Capital, “a Russian investment bank with ties to the Kremlin,” and whose analysts “talked up Uranium One’s stock,” saying in a July 2010 report “that it was ‘the best play’ in the uranium markets.” (NYT 4/23/15)

October 2010: The Committee on Foreign Investment in the United States (CFIUS) approves the partial sale of Uranium One to Rosatom, which gives the Russians (and President Vladimir Putin) a 51 percent controlling stake in Uranium One. With this deal, Rosatom controls 20% of U.S. uranium production. Members of CFIUS included, among others,  Secretary of State Hillary Clinton, Homeland Security Secretary Janet Napolitano, and Attorney General Eric Holder. (*Bloomberg 10/18/2017 and NYT 4/23/15)

2011: Telfer, through the Ferwood Foundation, donates $600,000 to the Clinton Foundation. (NYT 4/23/15)

Investor Frank Giustra discusses his collaborative work with the Clinton Foundation
on CNBC. (Screenshot: YouTube) 

2012: Telfer, through the Ferwood Foundation, donates $500,000 to the Clinton Foundation. (NYT 4/23/15)

2009-2012: Between $1.3 million and $5.6 million in contributions were made to the Clinton Foundation by people “with ties to Uranium One or UrAsia, the company that originally acquired Uranium One’s most valuable asset: the Kazakh mines.” (NYT 4/23/15)

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