Ivanhoe Mines was the first company to implement the LPRM in 2019. Now 12 companies are using it, including Freeport-McMoRan, New Gold, and Lundin Gold.
The Onyen Corporation has signed an agreement with Mining Shared Value (MSV), a non-profit initiative of Engineers Without Borders Canada, to offer […]
Miners think local with adoption of new procurement standard January 27, 2021
Regions
Mining Shared Value, a non-profit initiative of
Engineers Without Borders has announced that four mining companies have now adopted the Mining Local Procurement Reporting Mechanism (LPRM), with two more planing to do so shortly.
The LPRM is a publicly available information sharing framework that was created by MSV in partnership with the German development agency GIZ, to increase and standardize information on mine site level local procurement processes and results. Procurement of goods and services is the single largest payment made in-country by virtually all mine sites, though for mining governance it has traditionally received less attention than the payment and use of mining company taxes and royalties.