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May 16, 2014
08:10 EDTSWCStillwater Mining, Johnson Matthey agree to five-year PGM agreement
Stillwater Mining announced that it has agreed to a five-year platinum group metal, or PGM, refining and sales contract with Johnson Matthey, a leading manufacturer of auto catalysts and precious metals refiner. The key terms of the agreement are: Johnson Matthey will purchase all of Stillwater's mined palladium and a significant share of their mined platinum based on an annual pricing mechanism linked to various industry benchmarks, with Stillwater retaining the ability to opt out of the metal sales agreement under certain terms and the payment of a nominal fee; Stillwater will utilize Johnson Matthey's refining services for all of its mined production and recycling material at competitive terms; Stillwater will realize a one-time working capital release in the range of $17M-$22M because of the timing of the new sales agreement; Stillwater and Johnson Matthey agree to cooperate, where appropriate, to secure material for Stillwater's recycling business; Johnson Matthey will provide its proprietary PGM market analysis services to Stillwater; Stillwater and Johnson Matthey agree to actively collaborate on technical items in an effort to optimize the PGM smelting and refining process
News For SWC From The Last 14 Days
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November 19, 2014
07:13 EDTSWCGoldman to hold a conference
Annual Global Metals & Mining Conference is being held in New York on November 19-20.
November 18, 2014
06:34 EDTSWCStillwater Mining initiated with an Outperform at BMO Capital
Target $16.
November 14, 2014
08:07 EDTSWCStillwater Mining appoints Christopher Bateman as CFO
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