Inmet Mining Joins the International Council on Mining and Metals
TORONTO, CANADA, May 16, 2012 (Menafn - MARKETWIRE via COMTEX) --Inmet Mining Corporation (Inmet) has joined theInternational Council on Mining and Metals (ICMM), a leadinginternational organization focused on improving sustainabledevelopment performance in the mining and metals industry. Membershipwas approved following a comprehensive review of our CorporateResponsibility commitments, systems and performance.
Jochen Tilk, President and CEO of Inmet, commented, "We are committedto growing responsibly as a base metal mining company, providingsuperior returns to our shareholders. Inmet is honoured to join ICMM,a world-class organization that shares our commitment to corporateresponsibility. I look forward to our participation."
As part of its membership Inmet will be required to report publiclyagainst their sustainable development performance on an annual basis.The resulting annual member performance assessment is published inICMM's Annual Review.
An independent expert panel approved Inmet's membership on May 16,2012 on the understanding that they will be able to fulfil allassociated commitments within a two-year period. Inmet is the fourthcompany to join ICMM using the new member process launched in May2011.
Craig Ford, Vice President Corporate Responsibility of Inmet,commented, "We are proud of our corporate responsibility commitmentto operate in ways that manage our business risks prudently. Ouractions and results build our reputation and drive value for ourstakeholders. As a mid-tier company, we look forward to learning fromother ICMM members, sharing our experiences, and working together tobuild solutions to the challenges associated with our business."
"We are extremely pleased to welcome Inmet as ICMM's newest memberand look forward to working together to strengthen the contributionof mining, minerals and metals to sustainable development," saidAnthony Hodge, President of ICMM. "We look forward to working withall our members as they continue to pioneer good practices in theindustry."
Forward looking information
Securities regulators encourage companies to disclose forward-lookinginformation to help investors understand a company's futureprospects. This press release contains forward-looking information.These are "forward-looking" because we have used what we know andexpect today to make a statement about the future. Forward-lookingstatements usually include words such as may, expect, anticipate, andbelieve or other similar words. However, actual events and resultscould be substantially different because of the risks anduncertainties associated with our respective business or events thathappen after the date of this press release. You should not placeundue reliance on forward-looking statements.
Inmet is a Canadian-based global mining company that produces copperand zinc. We have three wholly-owned mining operations: Cayeli(Turkey), Las Cruces (Spain) and Pyhasalmi (Finland). We also have an80 percent interest in Cobre Panama, a development property inPanama.
This press release is also available at www.inmetmining.com.
Inmet Mining Corporation
Director, Investor Relations
1 416 361 4808
SOURCE: Inmet Mining Corporation
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