Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals or PGMs) produced by mining a geological formation in south-central Montana, known as the J-M Reef and recycling spent catalytic converters and other industrial sources. The company is also engaged in expanding its mining development along the J-M Reef, and holds significant exploration-stage properties at the Marathon PGM copper property adjacent to Lake Superior in northern Ontario, Canada (Marathon) and at the Altar copper-gold property in San Juan province, Argentina. Segments The company operates in the following segments: Mine Production, PGM Recycling, Canadian Properties, and South American Properties. The Mine Production segment consists of two business components: the Stillwater Mine and the East Boulder Mine. The Mine Production segment is engaged in the development, extraction, processing and refining of PGMs. The company sells PGMs from mine production under short-term and long-term sales agreements. The PGM Recycling segment is engaged in the recycling of spent catalyst material to recover the PGMs contained in the material. The company purchases the majority of catalyst material processed by the PGM Recycling segment from third-party suppliers for its own account and sells the recovered metals directly, and it also accepts catalyst material supplied from third-parties on a tolling basis, processing it for a fee and returning the recovered metals to the supplier. The Canadian Properties segment consists of the Marathon mineral property assets. The exploration-stage Marathon mineral properties include a large PGM and copper deposit located near the town of Marathon, Ontario, Canada, as well as additional mineral properties located adjacent to the Marathon properties. The South American Properties segment consists of the Peregrine Metals Ltd. assets. The principal Peregrine asset is the Altar property, an exploration-stage copper-gold resource located in the San Juan province of Argentina. Stillwater Mine The underground Stillwater Mine facility near Nye, Montana accesses, extracts, and processes PGM ores from the eastern portion of the J-M Reef using mine openings located in the Stillwater River Valley. All surface structures and tailings management facilities are located within the 2,613 acre Stillwater Mine Operating Permit area which is administered collectively by the Montana Department of Environmental Quality (DEQ) and the United States Forest Service (USFS). The mine is located approximately 85 miles southwest of Billings, Montana and is accessed by a paved road. The Stillwater Mine accesses and has developed a 5.9 mile-long underground segment of the J-M Reef, on various levels between 1,900 and 7,500 feet above sea level. East Boulder Mine The East Boulder Mine is located in Sweet Grass County, Montana, approximately 32 miles south of the town of Big Timber and is accessed by a public road. The mine consists of underground mine development and surface support facilities, including a concentrator, shop and warehouse, changing facilities, storage facilities, office and tailings management facility. All mine facilities are wholly-owned and operated by the company. All surface facilities, including the tailings management complex, are located within a 986 acre operating permit area. Proven and probable ore reserves for the mine are controlled by patented mining claims owned by the company. Altar Project The Altar project is a large Andean Porphyry copper-gold deposit located in the San Juan Province of Argentina. The property consists of eight wholly-owned mining concessions and five optioned mining concessions. The Altar project is located in the Andes Mountains of Argentina, approximately 10 kilometers from the Argentina-Chile border, and approximately 180 kilometers west of the city of San Juan. Customers The company’s major customer includes Johnson Matthey, Inc. Regulatory and Environmental Matters The industrial waste generated by the company’s operations is excluded from hazardous waste regulations, the company also generates industrial waste that is subject to the requirements of the Resource Conservation and Recovery Act, and comparable state statutes. The company’s operations are subject to the federal Clean Air Act and comparable state and local laws and regulations. The company’s is required to annually report to the EPA all releases of certain hazardous or toxic substances that exceed certain thresholds under the Toxic Release Inventory provisions of the Emergency Planning and Community Right-to-Know Act. History Stillwater Mining Company was founded in 1992.
stillwater mining co
(SWC*:Mexico Stock Exchange)
1321 Discovery Drive
Billings, MT 59102
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