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‘Sloppy’ Key to sell uranium shares

NZ Prime Minister, John Key, has admitted to being "sloppy" after it was revealed he owns shares in an Australian mining company which has uranium interests, despite the country's anti-nuclear stance, reports MiNDFOOD.

‘Sloppy’ Key to sell uranium shares

New Zealand has had an anti-nuclear stance for the past 25 years and is passionately anti-nuclear.

In 2001 Mr Key bought about 1 million shares worth $NZ200,000 in a small Australian gold exploration business called Jackson Minerals.

Last year it merged with a uranium mining company called Scimitar Resources to form Cauldron Energy, which has a number of uranium exploration projects.

Mr Key admits he should have got rid of the shares.

“It’s a small technical issue. I’ve been busy running the country,” he said.

“I’m the first to admit it was a bit sloppy.”

Mr Key says the shares are now worth very little and when he offered them to his 12-year-old son, even his son did not want them.

Mr Key now plans to sell them.

© 2010 Australian Broadcasting Corporation

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