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Montana gov blasts GM plan to cancel mine contract.
AP ^ | July 10, 2009

Posted on 07/10/2009 10:30:45 AM PDT by navysealdad

GM wants to cancel its contract with the Stillwater mine as part of its bankruptcy reorganization that infused the company with $50 billion in government loans.

Platinum is mined in just two other countries — Russia and South Africa — and Schweitzer says canceling the contract would put the United States at a strategic risk and hurt the mining industry.

(Excerpt) Read more at google.com ...


TOPICS: Miscellaneous
KEYWORDS: generalmotors; gold; montana; platinum

1 posted on 07/10/2009 10:30:45 AM PDT by navysealdad
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Comment #2 Removed by Moderator

To: JackRyanCIA; navysealdad

Fox just interviewed a mining company that lost GM’s contract..while GM retained contracts with Russia and South Africa.

Isn’t someone we all know visting both of those places this week?

Makes me want to don a tinfoil hat.


3 posted on 07/10/2009 10:33:53 AM PDT by kimmie7 (THE CROSS - Today, Tomorrow and Always!)
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To: navysealdad
Stillwater Mining Co. of Columbus, Mont., is the only platinum and palladium producer in the country. It is highly dependent on sales to GM and Ford Motor Co., which use the metal in catalytic converters.

Hmmmmmm. I thought with the "world is going to end" craze and everyone buying Gold and other precious metals, this mine would be humming!

4 posted on 07/10/2009 10:34:22 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: navysealdad

The incompetent Government Motors is “green” now don’t you know. I’ve owned my last GM product.


5 posted on 07/10/2009 10:35:29 AM PDT by FlingWingFlyer (Hey America! How's that "hope and change" thing working out?)
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Comment #6 Removed by Moderator

To: FlingWingFlyer

Going to give the business to Russia and South Africa.

Company could lose 200 jobs.......


7 posted on 07/10/2009 10:38:37 AM PDT by navysealdad (http://drdavehouseoffun.com/)
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To: navysealdad
UAW vs. UMWA

CooL!

8 posted on 07/10/2009 10:39:10 AM PDT by BBell
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To: navysealdad

Better to lose the jobs than to lose the environment, because mining causes global warming and a host of other problems.


9 posted on 07/10/2009 10:40:21 AM PDT by Boiling Pots (Barack Obama: The final turd George W. Bush laid on America)
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To: Boiling Pots

If you lost your job and breathing it would save environment and made-made global warming!!!!!


10 posted on 07/10/2009 10:46:27 AM PDT by navysealdad (http://drdavehouseoffun.com/)
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To: navysealdad

Shouldn’t GM be allowed to make it’s own business decisions?


11 posted on 07/10/2009 10:55:42 AM PDT by stuartcr (Everything happens as God wants it to...otherwise, things would be different.)
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To: stuartcr

Not while it’s being run by Obama...


12 posted on 07/10/2009 11:01:36 AM PDT by ltc8k6
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To: JackRyanCIA

I don’t think I’m even in tin foil territory here. It’s creeping me out just thinking about it.

Some talking head just today was saying, “Why on earth is he going to South Africa??” At the time, I wondered the same.


13 posted on 07/10/2009 11:14:31 AM PDT by kimmie7 (THE CROSS - Today, Tomorrow and Always!)
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To: navysealdad
Guess you can take those jobs out of the "Jobs Saved" column.
14 posted on 07/10/2009 11:19:28 AM PDT by Post5203 (0bama is the Jim Jones of the new millennium.)
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To: navysealdad

Platinum is so outrageously scarce that it is approaching a point where it will be cheaper to fuse two lesser elements into platinum.


15 posted on 07/10/2009 11:53:34 AM PDT by yefragetuwrabrumuy
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To: yefragetuwrabrumuy
Platinum is so outrageously scarce that it is approaching a point where it will be cheaper to fuse two lesser elements into platinum.

Not quite ...

16 posted on 07/10/2009 12:37:59 PM PDT by Centurion2000 (Only dead fish go with the flow.)
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