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Archive for the ‘Equator Principles’ Category

Postcard from Portugal

Planning retirement in PortugalRecently, I had a chance to join my colleague Petrus Gildenhuys as part of an AA1000 assurance assignment and visit Portugal. It was a beautiful drive to site: the undulating landscape was interrupted by idyllic villages, and we lost count of the number of storks we noticed along the way. The World Cup was dominating small talk, although it was starting to compete with news about the troubled Portuguese bank Banco Espirito Santo.    http://wp.me/p27qSt-EQ

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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.

22 Sep 2014 update: Gold Reserve Awarded $740.3 Million by ICSID for the Expropriation of the Brisas Project by Venezuela

Shortlink: http://wp.me/p27qSt-EL

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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: http://wp.me/p27qSt-Eq)

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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!”   http://wp.me/p27qSt-Ec (more…)

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Assisting InterEnergy with ESMS Development

InterEnegery 3Prizma was recently engaged by InterEnergy Holdings to support its development of a corporate-level Environmental and Social Management System (ESMS) aligned with the IFC Performance Standards. Shortlink: http://wp.me/p27qSt-DV

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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: http://wp.me/p27qSt-DN (more…)

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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: http://wp.me/p27qSt-Di (more…)

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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: http://wp.me/p27qSt-D2)

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Prizma: Successful 2013, Promising 2014

Prizma winter 2013 news cover imageWhile the economic recovery continues to be uneven, Prizma’s focus on collaborative opportunities involving projects in emerging markets continues to prove a profitable growth strategy. Access Prizma's Winter 2013 Newsletter here.  (Shortlink: http://wp.me/p27qSt-C9)

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Providing EPIII and IFC PS Training to Nordic Institutions

Equator Principles III EPIII Training Course

On December 19, 2013, Prizma successfully delivered a 1-day course on the updated Equator Principles (EPIII) and IFC Performance Standards to about 40 representatives from DNB, Norway’s largest financial services group, and Export Credit Norway and GIEK, which are Norway’s export finance and guarantee agencies. - What are the challenges you face with the emergence of the updated Equator Principles III and elements you would have liked to hear about in a short course? (Shortlink: http://wp.me/p27qSt-BP)

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