Tentative Agreement Reached on Labor Contract at Stillwater Mine and Processing Facilities
BILLINGS, MT--(Marketwire - June 29, 2011) - STILLWATER MINING COMPANY (NYSE: SWC) and United Steel Workers International Union reported today that they have reached a tentative agreement on the terms of a new four (4) year labor agreement at the Stillwater Mine and Processing Facilities.
The current contract, scheduled to expire on July 1, 2011, has been extended until July 9, 2011 at 12:00 p.m. (MDT). The members of United Steel Workers Local 11-0001 will vote on the new tentative agreement on Wednesday, July 6, Thursday, July 7 and Friday, July 8, 2011 at 3:00 p.m., 6:00 p.m. and 7:30 p.m. (MDT) at the Stillwater Pavilion (Little Metra) located in Columbus, Montana.
The Negotiating Committee for the Union and the representative for USW International are unanimously recommending ratification of the tentative agreement to members of the United Steel Workers Local 11-0001.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company's shares are traded on the New York Stock Exchange under the symbol SWC
The current contract, scheduled to expire on July 1, 2011, has been extended until July 9, 2011 at 12:00 p.m. (MDT). The members of United Steel Workers Local 11-0001 will vote on the new tentative agreement on Wednesday, July 6, Thursday, July 7 and Friday, July 8, 2011 at 3:00 p.m., 6:00 p.m. and 7:30 p.m. (MDT) at the Stillwater Pavilion (Little Metra) located in Columbus, Montana.
The Negotiating Committee for the Union and the representative for USW International are unanimously recommending ratification of the tentative agreement to members of the United Steel Workers Local 11-0001.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company's shares are traded on the New York Stock Exchange under the symbol SWC
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