Country for PR: United States
Contributor: PR Newswire New York
Thursday, May 17 2018 - 13:30
AsiaNet
Minera San Cristobal Announces Acceptance to the International Council on Mining and Metals
LA PAZ, Bolivia, May 17, 2018 /PRNewswire-AsiaNet/ --

-- The Admission Demonstrates the Bolivian Operation's Commitment to 
Sustainable Mining 

- Sumitomo Corporation's subsidiary Minera San Cristobal successfully completed 
the entry process to the International Council on Mining and Metals (ICMM), 
reflecting its dedication to sustainable mining practices and implementation of 
Sumitomo's best practices. 

- Minera San Cristobal is the first Bolivian mining company to become a member 
of the ICMM.

- Minera San Cristobal's accredits its admission to ICMM to the successful 
operational practices instilled from Sumitomo Corporation, which are based on 
the Japanese philosophy of building a harmonic balance between the individual, 
the nation, and society.


Today, Minera San Cristobal, Bolivia's most important mining company, announced 
that it successfully completed the entry process to the International Council 
on Mining and Metals (ICMM) 
(https://www.youtube.com/watch?v=3YXdPDgGbgs&feature=youtu.be ). This admission 
represents a major step forward for Minera San Cristobal and the mine's parent 
company, Tokyo-based, Sumitomo Corporation, reaffirming the company's 
commitment to the global gold standards in sustainable development, ethical 
corporate behavior, and compliance with human rights. As Bolivia's largest 
mine, Minera San Cristobal includes an investment of USD$1.8 billion. 

As the first Bolivian mining company accepted to the ICMM, Minera San Cristobal 
accredits its success to the vital role their parent company, Sumitomo, has 
played as an investor committed to the industry's best practices. Sumitomo's 
corporate best practices combine cutting edge technology, investments in local 
workforces, and proper employee training and education as the keys to 
generating revenue for shareholders, while having a positive impact on local 
communities. 

Minera San Cristobal' s President, Mitsuhiro Hirano, explains, "Through the 
methodical operation requirements given to us by our parent Company Sumitomo, 
Minera San Cristobal has become Bolivia's largest and most lucrative mine for 
zinc, lead and silver. Our entry into ICMM reaffirms our dedication to 
sustainable development and ethical corporate values, which Sumitomo has 
instilled in us since our first day of operation. With continued guidance and 
support, we will keep elevating the level of our Bolivian operation to grow and 
flourish." 

Tom Butler, ICMM's Chief Executive Officer added: "I am delighted to welcome 
Minera San Cristobal as a new member to ICMM. MSC have shown real leadership in 
their environmental and social performance and have valuable experience to 
share with our other members. With a portfolio of South American operations and 
headquarters in Bolivia, Minera San Cristobal will bring additional 
geographical diversity to the Council."

Sumitomo's guiding Business Principle 
(https://www.youtube.com/watch?v=I07rznWJXwc&feature=youtu.be ), based on 
Japanese philosophies, encourages its employees to maintain a harmonic balance 
between the individual, the nation, and society, as the key to a successful 
operation. Finding its base in Sumitomo's ideology, Minera San Cristobal looks 
to lead local Bolivian and regional market standards for the mining industry, 
that emphasize the company's dedication to minimal environmental impact and 
sustainable relationships with local communities. 

About Sumitomo Corporation 

Sumitomo Corporation (Japanese: Hepburn: Sumitomo Shoji Kabushiki-gaisha) is a 
leading Fortune 500 global trading and business investment company with 107 
locations in 65 countries and 22 locations in Japan. The entire SC Group 
consists of more than 900 companies and 70,000 personnel. SC conducts commodity 
transactions in all industries utilizing worldwide networks, provides related 
customers with various financing, serves as an organizer and a coordinator for 
various projects, and invests in companies to promote greater growth potential. 
SC's core business areas include Metal Products, Transportation and 
Construction Systems, Infrastructure, Media and ICT, Living Related and Real 
Estate, Mineral Resources, Energy, and Chemical and Electronics.

About Minera San Cristobal 

Located in the province of Nor Lipez in the Department of Potosi, Minera San 
Cristobal is Bolivia's most important mining undertaking. The operations 
combine the use of state-of-the-art technology with constant trainings for 
employees, a strict control of industrial and occupational health and safety, 
environmental preservation, and social commitment to the communities. MSC aims 
to contribute to development of the region where it operates, the Department of 
Potosi and the country as a whole.

SOURCE  Minera San Cristobal

CONTACT: Burson Cohn & Wolfe, Bruno Giordano, Email: bruno.giordano@bm.com, 
Phone: +16463013079

Translations

Japanese