| Union Membership Ratifies Four-Year Labor Contract at Stillwater Mine and Columbus Processing Facilities | |
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, (GLOBE NEWSWIRE) -- (NYSE:SWC) reported today that union employees at the Company's and processing facilities, represented by the Local 11-0001, have ratified a new four-year labor agreement.
Commenting on the new contract, , the Company's President and Chief Executive Officer stated, 'I would like to thank the negotiating teams from the Company and the Union in addition to the and processing facilities' employees for their efforts in reaching this agreement. I believe this agreement represents a reasonable outcome for all stakeholders in this challenging metal price environment.'
The material points of the agreement are:
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No increase in base wages for each of the first two years of the agreement
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Simplification of the incentive program and the introduction of metrics that better align employee and shareholder outcomes
The effective date of the new agreement is , 2015.
About
is the only U.S. miner of platinum group metals (PGMs) and the largest primary producer of PGMs outside of and the . PGMs are rare precious metals used in a wide variety of applications, including automobile catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry, medicine and coinage. The Company is engaged in the development, extraction and processing of PGMs from a geological formation in south-central known as the J-M Reef. The J-M Reef is the only known significant source of PGMs in the U.S. and the highest-grade PGM resource known in the world. The Company also recycles PGMs from spent catalytic converters and other industrial sources. The Company owns the Marathon PGM-copper deposit in , and the Altar porphyry copper-gold deposit located in the province of . The Company's shares are traded on the under the symbol SWC. Information about the Company can be found at its website: www.stillwatermining.com.
(720) 502-7671
[email protected]
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Stillwater Mining Co
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PRODUCER |
CODE : SWC |
ISIN : US86074Q1022 |
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Stillwater Mining is a copper and nickel producing company based in United states of america. Stillwater Mining produces copper, nickel, palladium, pgm and platinum in USA, and holds various exploration projects in Canada. Its main assets in production are EAST BOULDER MINE, STILLWATER MINE and EAST BOULDER in USA and its main exploration property is SIM LAKE in Canada. Stillwater Mining is listed in Germany and in United States of America. Its market capitalisation is US$ 2.2 billions as of today (€ 2.0 billions). Its stock quote reached its lowest recent point on November 21, 2008 at US$ 1.76, and its highest recent level on May 03, 2017 at US$ 18.00. Stillwater Mining has 121 080 187 shares outstanding. |