carimmohelp: Stillwater Mining Company Announces Submission of Environmental Impact …

понедельник, 2 июля 2012 г.

Stillwater Mining Company Announces Submission of Environmental Impact …

BILLINGS, MT, Jul 02, 2012 (MARKETWIRE via COMTEX –
STILLWATER MINING COMPANY

Stillwater Mining Company, through its subsidiary Stillwater Canada
Inc. , is pleased to announce that it has submitted the Environmental
Impact Statement (EIS for its Marathon Platinum Group Metals-Copper
Project (the Marathon Project to the Joint Federal and Provincial
Review Panel. The Marathon Project is located near the north shore of
Lake Superior in Ontario, Canada, about ten kilometers north of the
town of Marathon. Stillwater Mining Company owns 75% of the Marathon
Project, and the remaining 25% is owned by Mitsubishi Corporation.

Commenting on submission of the Marathon Project EIS for joint panel
review, Frank McAllister, Stillwater’s chairman and CEO, stated,
«Submission of the EIS for the Marathon Project is an important early
milestone in the development of this attractive PGM-copper resource.
We appreciate the extensive efforts of the numerous consulting groups
and environmental scientists who have contributed to the development
of the EIS document. The Joint Federal-Provincial Review Panel will
now coordinate consultations among the various communities and
governmental interests affected by the Marathon Project in a process
designed to balance the concerns of all the parties involved. We look
forward to participating with these groups as the process moves
forward.»

The Marathon Project has anticipated average annual production
potential of about 200,000 ounces of palladium and platinum and 37
million pounds of copper.

About Stillwater Mining Company

Stillwater Mining Company is the only U.S. producer of palladium and
platinum and is the largest primary producer of platinum group metals
outside of South Africa and the Russian Federation. The Company’s
shares are traded on the New York Stock Exchange under the symbol SWC
and on the Toronto Stock Exchange under the symbol SWC.U. Information
on Stillwater Mining can be found at its website:

www.stillwatermining. com .

Some statements contained in this news release are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and, therefore, involve uncertainties or risks that
could cause actual results to differ materially. These statements may
contain words such as «desires,» «believes,» «anticipates,» «plans,»
«expects,» «intends,» «estimates» or similar expressions. These
statements are not guarantees of the Company’s future performance and
are subject to risks, uncertainties and other important factors that
could cause its actual performance or achievements to differ
materially from those expressed or implied by these forward-looking
statements. Additional information regarding factors that could cause
results to differ materially from management’s expectations is found
in the section entitled «Risk Factors» in the Company’s 2011 Annual
Report on Form 10-K and in corresponding filings with Canadian
securities regulatory authorities. The Company intends that the
forward-looking statements contained herein be subject to the
above-mentioned statutory safe harbors. Investors are cautioned not
to rely on forward-looking statements. The Company disclaims any
obligation to update forward-looking statements.