Contract Negotiations Begin at Stillwater Mine and Processing Facilities

Stillwater Mining Company (NYSE:SWC) reports that representatives for Stillwater Mining Company and the USW International Union commenced negotiations in Montana.

The press release is quoted as saying,

Bargaining teams from the Union and Stillwater management have established the ground rules and laid the foundation for continuing negotiating meetings. Additional bargaining sessions have been scheduled. Stillwater Mining Company and USW International Union, Local 11-0001 entered into an agreement that all statements to the media concerning negotiations will be done jointly unless twenty-four hour notice has been given from one party to the other. Approximately 800 hourly employees at the mine located near Nye, Montana and the processing facilities in Columbus, Montana are covered by the current contract that expires July 1, 2011.

For the complete press release, click here.