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Anglo American Named Industry Leader In Sustainability Index

Tuesday September 17, 2013 12:18 PM

Anglo American Plc. (LSE: AAL)(JSE: ANGLO) says it was recognized for a second consecutive year by the Dow Jones Sustainability Index as a mining industry leader in sustainability, as well as being listed in the index for 11 years in a row. The index, assured by an external auditor, assesses economic, environmental and social performance and includes a review of policies and performance in corporate governance, risk management, climate change, energy consumption, health and safety, supply chain standards and workplace relations, among others, according to Dow Jones. “We continue to work hard as a team to ensure that sustainability is firmly embedded in our policies, strategies and everyday practices - to be at the heart of everything we do,” says Mark Cutifani, chief executive of Anglo American. “I'm particularly proud that Anglo American achieved the best environmental score for the mining industry, recognizing our strong performance in climate change strategy and energy efficiency." Anglo American is one of the largest mining companies in the world.

By Alex L├ętourneau of Kitco News aletourneau@kitco.com


Excellon Sees Rise In Silver Grades, Production, Lower Costs

Tuesday September 17, 2013 10:35 AM

Excellon Resources Inc. (TSX: EXN) saw an increase in silver grades, silver production and lower costs in silver production at its La Platosa mine, located in Durango, Mexico. In July and August, the company says production grades rose to approximately 900 grams per ton silver (26 ounces per ton) with August seeing 160,000 ounces in silver production. The company is targeting 2.1 million ounces of silver equivalent production for 2013 with an all-in cash cost of $14. "The development into higher grade zones completed in the first half of the year has put our high-grade, low-cost silver production at La Platosa firmly back on track," says Brendan Cahill, president and chief executive officer. "Grades and ounces produced during the third quarter have been better than projected and our net cash costs remain among the lowest in the industry.  We expect to see our all-in costs trending lower through the remainder of the year." The breakdown of the expected 2.1 million ounces of silver equivalent breaks down to 1.35 million ounces of silver, 8.2 million pounds of lead and 11.9 million pounds of zinc.

By Alex L├ętourneau of Kitco News aletourneau@kitco.com


Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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