Broad Community Support (BCS)

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IFC Performance Standards and ESMS Training for InterEnergy Holdings

In early May 2015, Prizma had the opportunity to deliver a tailored 2-day training course to representatives from several of InterEnergy Holdings’ portfolio companies. These ranged from energy generation, transmission and distribution in the Dominican Republic, some of which were co-financed by the Inter-American Development Bank (IDB), to InterEnergy’s Laudato Si wind park in Penonomé, Panama. The Laudato Si wind park is the largest wind development in Central America and was co-financed ($300 million) by the International Finance Corporation (IFC). Prizma supported InterEnergy with environmental and social aspects of the Penonomé wind farm development. - Shortlink: http://wp.me/p27qSt-Lb Read More

Applying McKinsey Survey Results to Small Non-Profits?

A recent HBR article - Where Boards Fall Short - made me think about my board service experience with the Good News Project, a 501-c-3 nonprofit which provides opportunities for volunteer services and contributes to poverty alleviation in St. Lucia and other islands of the West Indies. What are the transferable lessons and actions? Shortlink: http://wp.me/p27qSt-IR Read More

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

Lucara Diamond Publishes 2013 Sustainability Report

Lucara Diamond Published 2013 Sustainability Report.pngRecently, Lucara Diamond Corp, a 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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Inspiring Women associated with Kumtor Gold

A recent visit to the Kumtor gold mine in Kyrgyzstan provided opportunities to meet a series of inspiring women. These include staff eager to adopt best practice and entrepreneurs who form part of Kumtor's local procurement and supply chain.

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

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Local Procurement in Canadian Mining Sector

EWB Local Procurement by Canadian Mining Industry CoverIn February 2014, Engineers Without Borders Canada released a study on public reporting covering local procurement by the Canadian mining industry. Which companies were singled out as leaders and how does this compare to procurement reporting in some  GRI reports to which I contributed?

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

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Visiting Yuri Gagarin’s Bust – Postcard from Kyrgyzstan

Mehrdad Nazari visiting Yuri Gagarin Bust in BarskoonAs the negotiations around the Kumtor Gold Mine are continuing with more audits and inspections, I had a chance to stop for a picture at one of the more famous tourist sites in the Barskoon valley: a bust from Yuri Gagarin, the first human to journey into outer space in 1961.  - (Shortlink: http://wp.me/p27qSt-A6)   Read More

Equator Principles (EPIII) and IFC Performance Standards Training Courses

Equator Principles EPIII and IFC Performance Standards Training Course

Following successful courses delivered in London (hosted by Parsons Brinkerhoff on 21 Sept) and Toronto (hosted by TD Bank on 29 Oct), Prizma was commissioned by a confidential client to deliver a 1-day training courses on the Equator Principles (EPIII or EP3) and the IFC Performance Standards (2012) on December 19th, 2013 in Europe. Please contact us if you are interested in hearing about our future courses. - Shortlink is http://wp.me/p27qSt-zK

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Biodiversity Offsets and Enhancements in Mining

Kumtor and Biodiversity CoverA recent BBOP newsletter and Kumtor Gold’s development of its Biodiversity Management Strategy underlined this: many (perhaps not all) roads lead to Rome and positive conservation outcomes. Does Kumtor's approach to support snow leopard and other conservation efforts in Central Asia add value? Will it's collaboration with NGOs such as FFI, the Sarychat Ertash Nature Reserve  (Zapovednik) and others work?

Short link: http://wp.me/p27qSt-us

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Being Accused of Conflict of Interest not Fun

27_Kalia-Moldogazieva-taking-samples-at-the-Kumtor-Goldmine-Dr. Kalia Moldogazieva (right), the Director of “Tree of Life”, a Kyrgyz NGO, accused Prizma’s Mehrdad Nazari of “conflict of interest” in his work relating to Kumtor, a subsidiary of Centerra Gold. Are Dr. Moldogazieva’s concerns justified?

 

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