The Mining Local Procurement Reporting Mechanism (LPRM) is a publicly available set of disclosures on local procurement which aims to guide information-sharing for mine sites on their policies, programmes, and results for what is usually the single largest potential economic impact during mining activity. Its use empowers suppliers and host country actors, and addresses gaps in current reporting frameworks allowing mining companies to demonstrate their adherence to the provisions of sustainability frameworks such as the International Council on Mining and Metals (ICMM) Performance Expectations, and the World Gold Council’s Responsible Gold Mining Principles (RGMPs).
This policy brief is aimed at consultants who work with mining companies on sustainability reporting initiatives. It provides consultants with an easily accessible primer on the drivers for firms to disclose information on local procurement, the strategic advantages for consultants to take up this issue with their mining sector clients, and practical guidance on how to do so in line with the LPRM.
This policy brief is a joint effort through CIRDI’s Learning and Knowledge Mobilization team and the EWB’s Mining Shared Value Initiative.