New deal at Stillwater (July 12, 2004)

A tentative labour agreement has been reached, ending three months of collective bargaining by representatives of Stillwater Mining and the Local 8-0001, a unit of the Paper, Allied Industrial, Chemical and Energy Workers (PACE) International union.

Roughly 900 employees were set to go on strike at the Stillwater mine and platinum-group-element recovery facilities in Columbus, Mont., when the previous agreement expired on July 1.

The original agreement was extended to mid-July to give the union time to take the deal to its members for ratification.

Stillwater Mining is the only U.S. producer of palladium and platinum.

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