Bankable. Credible. Sustainable.


Gold Reserve ICSID Arbitration Update

On July 23, 2014, Gold Reserve Inc. announced that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case has declared the proceedings closed. Gold Reserve claims damages of approximately $2.1 billion, including interest.

As part of this case, Mehrdad Nazari, Prizma’s Senior ESIA and Sustainability Advisor, was engaged by White & Case LLP to serve as an expert witness on ESIA aspects related to the IFC Performance Standards and Equator Principles.

You can access Gold Reserve recent media release here: Gold Reserve Announces Proceedings in ICSID Arbitration Case with Venezuela Closed by Tribunal. You can read about Prizma's other projects here.  Shortlink:

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Lucara Diamond Publishes 2013 Sustainability Report

Lucara Diamond Published 2013 Sustainability Report.pngRecently, Lucara Diamond Corp, a relatively new diamond producer, published its second sustainability report. It highlights the sustainability performance of Lucara’s flagship and producing operation, the Karowe Diamond Mine in Botswana. (Shortlink:

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Postcard from Burkina Faso by Bill Kennedy

Roxgold Vocational TrainingIn the early 1990s, on a trip to Moscow for the European Bank, I was given a personal tour of the Kremlin’s gold chamber where the most precious gold crowns, scepters and church utensils were manufactured for the Czar’s courts.   “Unbelievable” I exclaimed to my guide, “I had no idea you had created such treasures.” “Really?” he replied, “Why are you surprised? Russia is not Burkina Faso!” Read the rest of this entry »

Assisting InterEnergy with ESMS Development

IEH WindPrizma was recently engaged by InterEnergy Holdings to support its development of a corporate-level Environmental and Social Management System (ESMS) and align it with the IFC Performance Standards.


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Supporting Large Wind Farm in Panama

Penenome Wind Farm PanamaPrizma has been engaged by Unión Eolica Panameña II (UEPII), a Special Purpose Company controlled by InterEnergy Holdings, to support a 215 MW wind project in Penonomé, Panama with a total projected investment of US$ 427 million.   Shortlink: Read the rest of this entry »

Engaged to Provide Assurance Services


Prizma has been engaged by a mining company to undertake an independent assurance of its sustainability report. This work will be performed by Petrus Gildenhuys, a Lead Certified Sustainability Assurance Practitioner, and Mehrdad Nazari, a Sustainability Advisor and GRI expert, in accordance with assurance standard AA1000AS. Prizma is also assisting others, ranging from mining companies to the World Bank, with their sustainability reporting efforts. -

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Assisting World Bank with Sustainability Reporting Review Panel

WB CR Web Screen

Prizma has been invited by the World Bank to support its sustainability reporting process by convening a reporting stakeholder review panel. What are some of the issues you would be raising if you were a member of this sustainability reporting review panel?

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Equator Principles Looking East?

MizuhoOn 1 May 2014, Mizuho Bank will become the first Asian bank to chair the Equator Principles Association originally adopted by ten US and European financial institutions in June 2003. Will this mobilize more Asian financial intuitions to adopt EPs? - Shortlink: Read the rest of this entry »

Jealous of Conservation Biologists? Postcard from South Africa

Leopard siting in South Africa

As I reflect on recent trips to a game lodge and Kruger National Park, and wildlife aspects of gold mining or renewable projects, I realize that I feel jealous of conservation biologists I work with. Are you jealous too? What do you think makes a good conservation biologist?

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Prizma re-engaged by Kumtor Gold

Nazari at Kumtor March 2014Prizma was re-engaged by the Kumtor Gold Company to provide environmental & sustainability consulting services. The Kumtor gold mine, part of Centerra Gold, is the largest western-operated gold mine located in the Kyrgyz Republic. Prizma's engagement includes supporting Kumtor with the development of its annual environmental and sustainability report, using the GRI framework, and studies needed to pursue certification under the International Cyanide Management Institute’s (ICMI) Cyanide Code. Previously, Prizma assisted Kumtor with projects ranging from formulating it's biodiversity management strategy to training community relations officers (CROs). Learn about Prizma's other engagements here. (Shortlink:

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