The GeoChristian

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GM bailout money used to send jobs overseas

The Stillwater Complex in south-central Montana is the only significant US source of platinum and palladium, which are used in automobile catalytic converters. The newly restructured General Motors, with the US government as a primary shareholder, has decided to cancel its platinum-group metals contract with Stillwater Mining Company, opting for cheaper ores from Russia and South Africa.

The mine employs 1300 workers, and is partially owned by Norilsk Nickel of Russia.

The Billings Gazette has had a number of articles on this:

GM rejects senators over Stillwater

GM gets OK to terminate its deal with Stillwater

July 25, 2009 Posted by | Geology, Montana | , , | 1 Comment