Mining company remains silent in senate uranium inquiry“ by Andrew Sacher September 14, 2015
The mining company that operates the world’s largest uranium mines remains silent in the Senate Committee investigating what the industry is saying about the company’s financial situation, the Australian Financial Review has learned.
The Australian Government paid $1.5 billion in mining royalties to Cameco in 2010, after the company’s founder, John Houghton, purchased Cameco in 2002.
But the company has not responded to calls, emails or letters from Fairfax Media seeking comment.우리카지노
The company has also remained silent since The Australian newspaper in early 2014 revealed it had been asked for more details by Senator Nick Xenophon after Mr Houghton became chairman of his party.
On Tuesday, Cameco provided more information in response to questions, including how much royalties it has paid for exploration in uranium-rich central Australia and the impact of rising u카지노 사이트더킹카지노ranium prices on its profits.
In September 2013, Mr Houghton and a private equity team hired by Cameco sold almost $1 billion of its share in Cameco to an unnamed private equity firm.
Cameco also paid $3.8 million for about $1.5 billion in property in Perth.
On Wednesday the company issued a joint statement with the Australian Energy Market Operator (AEMO) on energy costs in the uranium industry, stating its energy costs were down over two-year periods from 2011 to 2014.
When the company was asked about this statement in December 2013, Cameco did not respond.
The company noted in the statement: „The current investment in uranium mining continues to be in line with our expectations.“
Senator Nick Xenophon has repeatedly pressed the government for more information about the mining industry’s financial condition, calling the industry a cash cow.
Senator Xenophon told Fairfax Media a number of the concerns he raised in the report were „baseless“ and were designed to „sow discord among Australians of all persuasions.
„We’ve got to find out what the company is up to,“ he said. „They’re making a lot of money off us… They should not be sitting on their hands when the energy price goes up and they’re losing millions.“
Senator Xenophon has previously described the industry as a „scam“ and likened Australian mining companies to big insurance companies.
In February 2016, Senator Xenophon called on the federal government to set up an industry body that would examine and report on the industry’s performance. Th