Avalon Rare Metals Limited (TSE:AVL) Added To Standard And Poor-TSX Global Mining Index
Toronto, Dec 21, 2010 AEST (ABN Newswire) - Avalon Rare Metals Inc. (
TSE:AVL) (OTCQX:AVARF) ("Avalon" or the "Company") is pleased to announce that effective today the Company is included in Standard & Poor's Canadian Index Operations' ("S&P Indices") S&P-TSX Global Mining Index and also the S&P-TSX Base Metals Index.
S&P Indices, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely-watched commodities index and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit http://www.standardandpoors.com/indices .
Don Bubar, President and CEO of Avalon, stated: "We are very pleased to be included in these respected S&P Indices. They provide Avalon with global recognition and bring credibility to our role in the mining sector, as we evolve from an exploration company to a developer, on our way to achieving our goal of becoming aprofitable producer of rare metals and minerals."
About Avalon Advanced Materials Inc
Avalon Advanced Materials Inc. (TSE:AVL) (OTCMKTS:AVLNF) (formerly Avalon Rare Metals) is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.
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