Tentative Agreement Reached on Labor Contract at Stillwater Mine and Processing Facilities

Stillwater Mining Company (NYSE:SWC) and United Steel Workers International Union reported today that they have reached a tentative agreement.

The press release is quoted as saying,

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.

For the complete press release, click here.