Avalon Issues Summary of its 2012 Corporate Sustainability Report
June 17, 2013 — (Source: Avalon Rare Metals Inc) — Avalon Rare Metals Inc. (TSX and NYSE-MKT: AVL) (“Avalon” or the “Company”) is pleased to announce that the Company has published a summary of its 2012 Corporate Sustainability Report, entitled Rooted in Sustainability (the “Sustainability Summary”). The Sustainability Summary is a precursor to the full 2012 Corporate Sustainability Report (to be released later this summer), which is being prepared within the framework of the Global Reporting Initiative (“GRI”), Version 3.1, Level C. The Sustainability Summary can be viewed at: www.avalonraremetals.com/sustainability/csr_report/.
The Sustainability Summary reports on Avalon’s performance against 2012 targets and objectives, including scorecards against the Mining Association of Canada’s ‘Toward Sustainable Mining’ indicators and a number of key GRI indicators. Highlights are also presented under the headings Economic Performance and Contributions, Environmental Performance, Social Performance and University Outreach.
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In releasing this year’s Sustainability Summary, Mark Wiseman, Avalon’s Vice President Sustainability commented, “This year (2012) was an extremely active year with competing sustainability-related activities including Environmental Hearings, strengthening health and safety programs, community engagement, as well as completing the Feasibility Study for the Nechalacho Project. As a result, our 2012 full Sustainability report has taken longer than anticipated to complete and in the interim, Avalon is pleased to offer this dashboard–style summary of the full report”.
Commenting on today’s announcement, Don Bubar, President and CEO said, “We remain fully committed to building Avalon on a solid foundation incorporating the principles of sustainable development. We continue to be focused on effective performance and risk management with challenging targets. With the Nechalacho Project Feasibility Study completed on-time and on-budget, we are now focusing our attention on fresh challenges.”
Avalon’s 2011 Corporate Sustainability Report, A Journey to a Sustainable Future, can be viewed at http://www.avalonraremetals.com/_resources/AVL_CSR_2011.pdf.
ABOUT AVALON RARE METALS INC.
Avalon Rare Metals Inc. (TSX & NYSE MKT: AVL) is a mineral development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable ‘heavy’ rare earth elements, which are key to enabling advances in green energy technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones. Avalon’s performance on community engagement in the north earned it the 2010 PDAC Environmental and Social Responsibility Award.
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