(TORONTO) - February 10, 2012 - Today, Sustainalytics announced the following changes to the Jantzi Social Index (JSI)® effective as of the opening of markets on February 10, 2012:
Catalyst Paper Corporation was removed from the JSI because the company announced that it and certain of its subsidiaries have obtained an Initial Order from the Supreme Court of British Columbia under the Companies' Creditor Arrangement Act.
According to Sustainalytics' environmental, social and governance analysis, Agnico-Eagle ranks well among its industry peer group. The company is a strong reporter, providing extensive quantitative data in its corporate social responsibility reports and following the reporting guidelines of both the Global Reporting Initiative and the Mining Association of Canada's Toward Sustainable Mining Initiative. The company's solid social performance is illustrated by its relations with indigenous communities. In accordance with Canadian legislation, Agnico-Eagle has implemented an impact benefit agreement at the Meadowbank mine in Nunavut, committing to provide employment, education funding and business opportunities to the indigenous people there. Agnico-Eagle has also shown a commitment to employee safety through its strong health and safety management systems resulting in a lower than average fatality rate compared to industry peers.