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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS) -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (1238)	11/28/2000 12:13:09 PM
From: PHILLIP FLOTOW	Read Replies (2) \| Respond to of 1336

Here are the details: 11/28 9:06A Stillwater Mining Extends Palladium, Platinum Sales Pacts Raises Palladium Floors DENVER (Dow Jones)--Stillwater Mining Co. (SWC) extended certain long-term palladium and platinum sales contracts through 2010. In a press release Tuesday, Stillwater said the extended agreements establish higher prices on portions of the current contracts, which were established in 1998. The floor for 40% of palladium produced between 2001 and 2003 was raised to $490 an ounce. Between 2004 and 2010, 70% of palladium will have an average floor price of $400 an ounce. The original contracts set a minimum price of $225 a month on 90% of all palladium produced and set ceiling prices of $400 an ounce on 30% of all palladium produced. These ceilings will be phased out in 2004 and replaced with ceilings of $975 an ounce on 20% of palladium production from 2004 to 2010. The company also established a minimum of $425 per ounce on 60% of platinum produced and a ceiling of $850 per ounce on 12% of platinum produced from 2001 through 2010. This is in addition to the contracts signed in 1998 that commit 20% of platinum between $350 to $425 an ounce through 2003. Stillwater Mining produces palladium and platinum. PHIL