Friday, May 29, 2009

Chatham Star-Tribune Provides Uranium Co. With Free Advertising

USEC Inc. (NYSE:USU), a leading supplier of enriched uranium fuel for commercial nuclear power plants, is being given free advertising by the Chatham Star-Tribune under the guise of a Letter to the Editor. USEC operates the only uranium enrichment facility in the United States [Paducah, KY] and supplies more than half of the U.S. market and more than a quarter of the world market. 2008 revenues were more than $1.6 billion. But they don't have to pay to advocate for mining Coles Hill and advertise in Chatham!

Here's the specious letter from their Vice-President of Marketing and Sales, John M. A. Donelson:

Uranium offers new economic engine, like lake 45 years ago

Wednesday, May 27, 2009 9:57 AM EDT

About 45 years ago Smith Mountain Dam was completed.

It would take several more years for Smith Mountain Lake to fill and become the wonderful resource many of us enjoy today.

It is certain that if the Smith Mountain Dam project was proposed today, anti-development organizations would scream about the pending danger, doom, and devastation.

They would warn that building a power plant at Smith Mountain gap could ruin the countryside.

Today with decades of safe operation and clean energy created from that hydroelectric power plant, all but the most wild-eyed radicals share the opinion that Smith Mountain Dam and the lake it created have been a blessing for the area.

Smith Mountain Lake was created because people with vision used science and engineering to harness a natural resource and create positive change.

Today Southside suffers from chronic high unemployment and the loss of traditional economic engines.

As the farming and manufacturing sectors struggle, many blue chip employers are gone.

Today we need to again use technology to utilize our natural and human resources and create core jobs.

Just as hydroelectric power from Smith Mountain Lake has benefited this area for the past 45 years, in the future the same will be said of the clean and safe energy that will come from safe uranium mining at Coles Hill.

Let's hope that anti-development organizations don't drown out the voices of reason.

We should strengthen Southside Virginia by developing new economic engines that are under our feet instead of looking for greener pastures.

John M. A. Donelson



Meet Mr. Donelson!

From USEC's website :

John M.A. Donelson

Vice President, Marketing and Sales

John M.A. Donelson is vice president, marketing and sales, for USEC Inc. He is responsible for the Company’s revenue generation from the sale of enriched and natural uranium and for managing relationships with customers. He reports to Robert Van Namen, senior vice president, uranium enrichment.

Mr. Donelson joined USEC in 1995 in the advanced technology department. He later became a senior sales executive and most recently served as director, North American and European sales. Prior to joining USEC, he held positions of increasing responsibility at Newport News Shipbuilding and Duke Energy.

Mr. Donelson holds a bachelor of science degree in physics from Hampden-Sydney College, a master’s degree in nuclear engineering from the University of Virginia, and a master of business administration degree from Queens University. He is a registered professional engineer in the state of North Carolina. In 2003, Donelson received USEC’s highest honor, the Chairman’s Award, for outstanding performance.

USEC Inc. (NYSE: USU), a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.

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