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  • Atricle Dump - Inside SXR Uranium One and Its Chief Executive

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    be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, “The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not
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    We talked about the Sweetwater Mill, which he informed us would use a solvent extraction circuit, not an ion exchange for stripping resins as would be found with an In Situ Recovery (ISR) operation. Does that rule out ISR? “No, not at all,” he told us. Froneman referred to the ISR method in a way we’ve not heard it previously described, “ISR is an elegant way of extracting uranium.” That’s a step up from being called a ‘water treatment plant,’ as some refer to ISR. But, he feels ISR is limited from a growth point of view. “In terms of the growth that we can expect, due to the increase in the uranium price, underground and open pit mining has to feature a lot more now,” he pointed out. “That is exactly where we have our core competency.”

    Perhaps SXR’s focus on the company’s core competency is what led to this past January’s speculation that the company’s Honeymoon in-situ leach operation in Australia would be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, “The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not

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    at all,” he told us. Froneman referred to the ISR method in a way we’ve not heard it previously described, “ISR is an elegant way of extracting uranium.” That’s a step up from being called a ‘water treatment plant,’ as some refer to ISR. But, he feels ISR is limited from a growth point of view. “In terms of the growth that we can expect, due to the increase in the uranium price, underground and open pit mining has to feature a lot more now,” he pointed out. “That is exactly where we have our core competency.”

    Perhaps SXR’s focus on the company’s core competency is what led to this past January’s speculation that the company’s Honeymoon in-situ leach operation in Australia would be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, “The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not

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    to ISR. But, he feels ISR is limited from a growth point of view. “In terms of the growth that we can expect, due to the increase in the uranium price, underground and open pit mining has to feature a lot more now,” he pointed out. “That is exactly where we have our core competency.”

    Perhaps SXR’s focus on the company’s core competency is what led to this past January’s speculation that the company’s Honeymoon in-situ leach operation in Australia would be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, “The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not

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    “That is exactly where we have our core competency.”

    Perhaps SXR’s focus on the company’s core competency is what led to this past January’s speculation that the company’s Honeymoon in-situ leach operation in Australia would be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, “The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not

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    be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, “The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not up for sale.” He told us, “We do have an ISL mine in Australia. It’s not that we don’t have ISL skills, but it’s not something that I would promote strongly as one of our core competencies.”

    At heart, he is a hard rock miner, through and through. Froneman doesn’t dislike ISR, “We could get more upside in open pit and underground mining, but we remain well aware of the benefits of in situ leaching.” As Patrick Drummond, plant superintendent for Cameco’s Smith Ranch told us, in situ uranium recovery is just not mining as he knows it from his coal mining days in Scotland. Froneman and Drummond are of like minds in that respect.

    Turnarounds & Challenging Mines

    What then would be included among the company’s core competencies? Froneman comes to SXR with bachelor’s degrees in mechanical engineering and accounting, arriving in his current position by way of executive positions at Harmony, JCI and Go

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