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SXR Preference for Underground Uranium Mining: Problems Ahead?

Another core competency is undergroundwant the management jobs in mining
mining. "I think the majority of the depositscompanies."
we are looking at are underground," Froneman
explained. "There is some open pit potential.His biggest concern may be recruiting labor.
Of course, that is a skill that we have. Most"We have to find the people to do the
of the prospectivity that we are looking atunderground work," Froneman told us. "That is
is  underground."going to be a challenge, but I do believe
it'll change." Our investigation, this past
Make no mistake about the company's plans.winter in Wyoming, discovered SXR may have to
SXR's Chief Executive is a strong advocatecompete with Wyoming's coal mines and others
for conventional uranium mining. "The growthfor workers. We reported Wyoming's Secretary
is really going to come through undergroundof State Joe Meyer advising uranium companies
and open pit mining," Froneman revealed. "Asto bring their own workers. In our Wyoming
the uranium price goes up, the resources thatSeries Part 2 Meyer said, "We have an
become available are mainly in the open pitincredible shortage of construction workers
and underground environment." Again, heright now. Construction projects are coming
politely derided non-conventional mining, "Inin 35 to 40 percent overbid, because there is
fact, actually ISR (resource recovery)so much work, no one can handle them."
decreases."Wyoming Mining Association spokesman Matt
Grant echoed those remarks, explaining how
Unabashedly, Froneman boasted, "We are proudvarious chambers of commerce and other civic
of being underground miners. It's a skillgroups were trying to recruit unemployed
we've developed over many years." When weautomobile workers from as far away as Flint,
explained that local and county officials inMichigan.
Grants, New Mexico were more eager for the
jobs underground and open pit mining wouldCOPYRIGHT © 2007 by StockInterview, Inc.
create, Froneman responded, "I do think itALL RIGHTS RESERVED.
will come back, and of course, people always



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