Stillwater Recovers Without GM’s Business
November 2009 by Associated PressStillwater Mining Company previously warned of possible layoffs after General Motors Co. canceled a major contract, but higher platinum and palladium prices have made up for the lost business.
Production of the Lithium will be completed in a 48-hour process with much less waste and a substantial increase of recovery rates from around 40% with conventional evaporation to near 90%.
There has been much said and written about nepotism, especially in government and business. There is, however, no written rule that would prevent any miner or prospector from hiring a spouse, children or other family members in the prospecting, mining or dredging business. There may even be tax advantages associated with that nepotism.
I hope this case inspires some of you. It shows that miners can and do succeed when they are persistent and well-prepared, even when representing themselves against state and federal attorneys in a court of law.
Chad, Bangladesh, Peru, Kyrgyzstan and Uzbekistan are the latest in a long list of countries that have become unfavorable toward foreign-owned mining companies.
The same day, while two of us were heading to Vancouver to attend the mining convention, two others from our team were headed to Nevada to begin loading the millsite equipment.
The German scientist, Alfred Wegener, came out with his theory of "continental drift" in 1912. He was considered a crackpot and it was half a century before geologists and planetary scientists began to take a second look at his theory.
• Buying time
• Printing more money for banks and businesses...
• Food stamps = stimulus?
The Bawl Mill • Molycorp Minerals Reopens Mountain Pass Mine • Utah's Crescent Creek Placers • The Business of Mining—Home Office Tax Deduction • Peshastin Creek, Washington • Michigan Proposal Would Restrict Mining Operations • No Gravel, No Gold • Nevada Regulators Reach Agreement With Queenstake Resources • Gold Has Shown Its Mettle, But How High Can It Go? • Utility Agrees to Remove Four Klamath River Dams • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices