SOURCE: Stillwater Mining Company

Stillwater Mining Company

April 08, 2010 11:09 ET

Stillwater Mining Company Comments on Norilsk Nickel's Schedule 13-D Filing

COLUMBUS, MT--(Marketwire - April 8, 2010) - STILLWATER MINING COMPANY (NYSE: SWC) today desired to comment on certain reports concerning yesterday's Schedule 13-D filing by Norilsk Nickel and certain of its affiliates, which collectively hold approximately 51.3% of Stillwater's common shares, wherein Norilsk Nickel said that they are exploring potential strategic alternatives regarding their investment in Stillwater. Stillwater today confirmed that they have been aware of Norilsk Nickel's preliminary consideration of strategic alternatives and have had several discussions concerning these alternatives with Norilsk Nickel and its representatives. 

The decision to explore strategic alternatives, of course, was made solely by Norilsk Nickel, as was announced yesterday.

Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining Company can be found at its web site: www.stillwatermining.com.