Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Amy Beth Hanson

Montana miner backs off expansion plans, lays off 100 due to lower palladium prices

Copyright 2023 The Associated Press. All rights reserved.

The owner of two precious metals mines in south-central Montana is stopping work on an expansion project and laying off about 100 workers because the price of palladium fell sharply in the past year, mine representatives said Thursday.

Sibanye-Stillwater announced the layoffs Wednesday at the only platinum and palladium mines in the United States, near Nye, Montana, and other Sibanye-owned facilities in Montana, including a recycling operation. Another 20 jobs have gone unfilled since October, officials said.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.