stillwater mine montanamsci world ticker

Stillwater and East Boulder mines began production in 1986 and 2002, respectively. Stillwater Mining is one of the world's leading producers of platinum group metals, with its corporate headquarters in Billings, Mont. This will allow East Builder to fill its mill capacity, which will increase the East Boulder ounce production to 275koz annually.

Sibanye-Stillwater - Stillwater Mine - Nye, MT. Incorporated in 1992, its more than 25-mile long reef in Montana contains various platinum group metals. Stillwater and East Boulder are platinum/palladium mines operated by Sibanye-Stillwater in Montana, US. The Stillwater mine is in the Beartooth Mountains, 130km southwest of Billings, Montana.

Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals (platinum group metals or PGMs) from a geological formation in the Stillwater igneous complex in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters.

The Blitz section, a major expansion project currently under development, started ore production in 2017 and is currently producing 75koz per annum. Mined ore is crushed and concentrated at processing facilities located on surface at both operations; concentrates are then transported to the Company’s Columbus Metallurgical complex in Montana, for further processing, smelting and refining. Shift Supervisor Mining: North West: 17 Aug 2020 : The Shift Supervisor …

The East Boulder project, 20km west of Stillwater, was developed with an investment of $370m. This transaction constituted the largest PGM transaction globally in over a decade.Both the Stillwater and East Boulder mines extract PGM ore from the J-M Reef – Stillwater from the east and East Boulder from the west.

Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) and gold operations and projects. Stillwater and East Boulder are shallow to intermediate level underground PGM mines located approximately 85 miles southwest of Billings and in Sweet Grass County approximately 32 miles south of the town of Big Timber, in the state of Montana, in the US.As at 31 December 2019, the US PGM operations have 26.9 million oz of proven and probable 2E PGM mineral reserves and 81.1 million oz of 2E PGM mineral resources.Both Stillwater and East Boulder operations were previously operated by the Stillwater Mining Company, which was acquired by Sibanye-Stillwater for US$2.2 billion in a transaction finalised in May 2017. Copyright © 2018 Sibanye-Stillwater US Region - All Rights Reserved. The East Boulder operation is accessed via twin 5,800m long decline tunnels. With current storage and planned expansion, both facilities have sufficient tailings storage for all of the known proven and probable reserves.It is estimated that current Mineral Reserves will sustain Stillwater until 2046 and the Blitz project has the potential to significantly expand the Mineral Reserves beyond 2055. This production rate increase is planned for the fourth quarter of 2020.The Stillwater concentrator has a design capacity of 3,100 tonnes per day, and currently operates at an 92% utilisation rate, this rate will increase to meet design capacity in 2021 as production from the Blitz section reaches steady state. It is estimated that current mineral reserves will sustain the East Boulder mine until 2054.Our Columbus Metallurgical Complex is one of the world’s largest recyclers of PGMs derived from spent catalytic converters.We work to avoid, minimise and mitigate any negative environmental impacts where we operate.Our South African operations mine from both the UG2 and the Merensky reefs of the Bushveld complex. The current section, which has been in operation since 1986, produces approximately 380koz per annum of platinum and palladium in concentrate. Last year, Stillwater officials had estimated that the Blitz project could boost employment in Montana to up to 2,000 jobs. Mechanised ramp-and-fill stoping is the primary mining method at both mines. Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals (The company conducts mining operations at the Stillwater Mine near Norilsk Nickel had bought a 51% stake in Stillwater in 2003, but in November 2010 Norilsk Nickel announced plans to sell this stake.In 2002, two class action suits were filed against the company, wherein stakeholders claimed that the Stillwater was artificially inflating the price of its securities.In 2006, a group of shareholders won a $2.6 million settlement against the company for "misleading statements about the company's financial performance" and its ore reserves. “Fill the Mill” is a project to add all development and infrastructure necessary to bring into production a seventh ramp system, from the current six.

The remaining tailings are piped to tailings storage facilities adjacent to each mine. The current section of the operation is accessed by a 580m deep shaft and five portals. The J-M Reef is the only known significant source of platinum group metals inside the United States and one of the significant resources outside South Africa and Rus… The US PGM operations primarily produce palladium and platinum (78% Pd and 22% Pt).The Stillwater operation has two principal mining sections. The deposit was discovered in the early 1970s; mining commenced in 1986.

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