BILLINGS, Mont., Nov. 4, 2014 (GLOBE NEWSWIRE) -- Stillwater Mining Company (NYSE:SWC) (TSX:SWC.U) announced today that it has been recognized by the United States Bureau of Land Management (BLM) for its reclamation and sustainable mineral development. The BLM honored Stillwater with its Hardrock Mineral Community Outreach and Economic Security Award.
This national award recognizes the Company's concern for community responsibilities and highlights the economic benefits of mineral development. This award further recognizes the successful coordination of mineral projects with local and regional stakeholders. In granting the award, the BLM recognized Stillwater for its involvement and engagement in various partnerships and outreach initiatives at the local, state, and federal levels, in addition to the Company's commitment to corporate responsibility.
Commenting on this award, Mick McMullen, the Company's President and Chief Executive Officer, stated, "This award further acknowledges Stillwater's ongoing commitment to social responsibility and our social license. At Stillwater, we believe in working with our governmental partners and the local organizations, community, and conservation groups to ensure our facilities are operated and managed responsibly to the benefit of all. We believe our success not only translates to our immediate stakeholders, but also to those communities and our neighbors in south-central Montana where we live and work."
About Stillwater Mining Company
Headquartered in Billings, Montana, Stillwater Mining Company is the only U.S. miner of platinum group metals (PGMs) and the largest primary producer of PGMs outside of South Africa and the Russian Federation. PGMs are rare precious metals used in a wide variety of applications, including automobile catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry, medicine and coinage. The Company is engaged in the development, extraction and processing of PGMs from a geological formation in southern Montana known as the J-M Reef and from the recycling of spent catalytic converters. The J-M Reef is the only known significant source of PGMs in the United States and the highest-grade PGM resource known in the world. The Company also owns the Marathon PGM-copper deposit in Ontario, Canada, and the Altar porphyry copper-gold deposit located in the San Juan province of Argentina. 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 about the Company can be found at its website: www.stillwatermining.com.