| 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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PRODUCTEUR |
CODE : SWC |
ISIN : US86074Q1022 |
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Stillwater Mining est une société de production minière de cuivre et de nickel basée aux Etats-Unis D'Amerique. Stillwater Mining est productrice de cuivre, de nickel, de palladium, de pgm et de platine en USA, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont EAST BOULDER MINE, STILLWATER MINE et EAST BOULDER en USA et son principal projet en exploration est SIM LAKE au Canada. Stillwater Mining est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,2 milliards US$ (2,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 1,76 US$, et son plus haut niveau récent le 03 mai 2017 à 18,00 US$. Stillwater Mining possède 121 080 187 actions en circulation. |