Dow Jones Lauds Anglo American; Indian Silver Falls Big This Week

by on

Anglo American has been recognized by the Dow Jones Sustainability Index–for the second year in a row–“as a mining industry leader in sustainability, as well as being listed in the index for 11 years in a row” notes Kitco.

Mark Cutifani, Chief Executive of Anglo American, commented: “We are delighted that Anglo American has again been recognised as the mining industry leader in sustainability. 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. I’m particularly proud that Anglo American achieved the best environmental score for the mining industry, recognising our strong performance in climate change strategy and energy efficiency.”

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Indian silver, which saw a 14.6 percent decline. This comes on the heels of a 0.8 percent increase the week before. Following a 1.3 percent increase in the week prior, the price of US silver fell 6.6 percent last week. Chinese silver saw a 6.4 percent drop-off this week. Japanese silver weakened by 5.9 percent.

Indian gold bullion prices fell. The price of Japanese gold bullion fell after rising 0.2 percent the week before. The past week saw US gold bullion close after a 4.4 percent decline. Chinese gold bullion dropped 4.0 percent over the past week.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

The price of Japanese platinum bar decreased, a 3.3 percent decline from the previous week. US platinum bar prices were off slightly. The price of Chinese platinum bar declined 0.6 percent over the past week.

The price of Chinese palladium bar rose 1.3 percent after falling 3.7 percent during the previous week. The price of US palladium bar rose 0.4 percent after falling 3.3 percent during the previous week. Japanese palladium bar fell 0.2 percent over the past week.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.