Stillwater Mining: Union Ratifies Four-Year Contract

Stillwater Mining (NYSE:SWC) reported that union employees at the company’s East Boulder Mine have signed a new four-year labour agreement.
As quoted in the press release, Stillwater CEO, Mick McMullen, said:

I would like to thank the negotiating teams from the Company and the Union and the East Boulder employees for their efforts in reaching this agreement. The new agreement essentially rolls forward the previous contract. The contract includes a provision for no increase in base wages for each of the first two years of the agreement and other minor modifications. I believe this new agreement represents a reasonable outcome for all stakeholders in this challenging metal price environment.

Click here for the full press release.