Montana gov blasts GM plan to cancel mine contract

Montana gov blasts GM plan to cancel mine contract

BILLINGS, Mont. (AP) — Montana Gov. Brian Schweitzer is asking the Obama administration to force General Motors Corp. to honor its contract with a platinum mine instead of buying the precious metal from overseas.

GM wants to cancel its contract with the Stillwater mine as part of its bankruptcy reorganization that infused the company with $50 billion in government loans.

Platinum is mined in just two other countries — Russia and South Africa — and Schweitzer says canceling the contract would put the United States at a strategic risk and hurt the mining industry.

Stillwater Mining Co. of Columbus, Mont., is the only platinum and palladium producer in the country. It is highly dependent on sales to GM and Ford Motor Co., which use the metal in catalytic converters.

Share
Seniority Lists
Recent Posts!
Bargaining Committee

Chairman
Mike Herron
President
Tim Stannard
Zone at Large – 1st
Danny Taylor
Zone at Large – 2nd
Mark Wilkerson
Committeepersons
Joe McClure
Chad Poynor
Steve Roberts
Derek Lewis
Bill Cundiff
Kirk Zebbs
Don Numinen
Jay Minella
Danny Bragg
Chris Hill
Rashad Thomas
Keith Oswald
Chris Brown

1853 Officers

President
Tim Stannard
Chairman
Mike Herron
Vice President
Darrell DeJean
Financial Secretary
Mark Wunderlin
Recording Secretary
Peggy Mullins
Trustee (3)
Jay Lowe
Dave Clements
Dave Spare
Sgt. at Arms
David C Spare
Guide
Ashley Holloway
E-Board at Large (2)
David Ryder
Steve Roberts
GM Unit Chair
Mike Herron
Leadec Unit Chair
Larry Poole
Ryder Unit Chair
Patrick Linck
AFV Unit Chair
Neil Osborne
Retiree Chair
Mike Martinez

Get Text Alerts



asdasdsd

*Standard text messaging rates may apply from your carrier