The move is focused mainly on the company's East Boulder mine operations south of Big Timber, although the Stillwater mine at Nye, Columbus metallurgical operations, and administrative offices in Columbus and Billings are also affected. The action follows a previously announced decision to review all operations in the face of the rapid third quarter deterioration in economic conditions during which prices for palladium and platinum, the company's primary products, fell more than 60% from levels earlier in the year.
Stillwater Cuts Spending to Counter PGM Price Slump Anonymous Engineering and Mining Journal; Dec 2008; 209, 10; Docstoc pg. 10 Reproduced with permission of the
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