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Noncontrolling Interest
6 Months Ended
Jun. 30, 2012
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
NONCONTROLLING INTEREST

On March 28, 2012, the Company entered into an agreement with Mitsubishi Corporation (Mitsubishi) in which a Mitsubishi subsidiary acquired a 25% interest in the Company's wholly owned subsidiary, Stillwater Canada Inc. (SCI), which owns the Marathon PGM-copper project and related properties for approximately $81.25 million and an additional $13.6 million to satisfy Mitsubishi's portion of the venture's initial cash call. Mitsubishi will be responsible for funding its 25% share of operating, capital and exploration expenditures on the Marathon properties and has agreed to cooperate and support efforts to secure project financing for Marathon. Mitsubishi will have an option to purchase up to 100% of Marathon's future PGM production under a related supply agreement at a relatively small discount to market. The transaction closed on April 10, 2012. The Company incurred transaction costs of approximately $1.1 million related to the agreement with Mitsubishi in the first six months of 2012 which was recorded within Stockholders' Equity upon closing of the transaction.
The noncontrolling interests' share of equity is reflected as Noncontrolling interest in the accompanying Consolidated Balance Sheet and was $52.0 million as of June 30, 2012.
The change in the parent company's equity as a result of the sale of the noncontrolling interest was to increase additional paid in capital by $42.5 million, offset by expenses incurred of $0.3 million in the three months ended June 30, 2012 and $1.1 million for the six months ended June 30, 2012.