Stillwater Mine Closing 2025 Closure

Stillwater Mine Closing 2025 Closure. STILLWATER MINE STREAM RESTORATION—STILLWATER RIVER, MONTANA Water & Environmental Technologies Sibanye Stillwater, the South African company that operates the nation's only major palladium mine in south-central Montana, said Thursday that it plans to lay off about 40% of its Montana workforce as it scales back its operation in an effort to offset losses caused by low metal prices It also noted that mining jobs in Montana paid an average salary of $106,00 in 2023.

Citing the continuing plunge in the palladium market, Sibanye Stillwater announced Thursday in a letter to employees that it will undergo restructuring and layoffs at its Montana operations Sibanye-Stillwater has reported its operating and financial results for the six months and year ended 31 December 2024.

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The restructuring is likely to result in platinum and palladium production from the Stillwater assets in the US being reduced by approximately 200,000 ounces from 2025 In 2017, the South African mining company acquired the Montana site through the $2.2bn purchase of Stillwater Mining and had already reduced some positions at the mine to reduce expenses The state labor department said Thursday the 700-worker layoff represents about 13% of payroll jobs in Stillwater and Sweet Grass counties, as well as about 16% of mining jobs statewide

Stillwater Mine (Beartooth Mountains, Montana, USA) 20 Flickr. On Wednesday morning, MTN News was granted a tour of the Stillwater Mine in Nye and the Columbus metallurgical complex to see how operations were going since the layoffs took effect. In 2017, the South African mining company acquired the Montana site through the $2.2bn purchase of Stillwater Mining and had already reduced some positions at the mine to reduce expenses

Stillwater Mine Closing 2025 Pamela Murphy. Sibanye-Stillwater has reported its operating and financial results for the six months and year ended 31 December 2024. The announcement has raised concerns among its employees and the local community.