New owner of Stillwater Mine must remain a good neighbor
Last week’s purchase of the Stillwater Mining Company puts one more Montana mine in foreign hands. Fortunately, a citizen-crafted agreement will keep the new company from being environmentally irresponsible.
On May 4, the Stillwater Mining Company finalized about six months of negotiations and agreed to sell $2.2 billion worth of assets to Sibanye Gold Limited, a South African gold mining company. The buyout helped Stillwater transfer $500 million worth of debt it had accumulated since the 2008 recession.
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