What’s New

Prizma re-engaged by MAG Silver Corp. for ESG and Sustainability Reporting

November 28, 2021. Prizma was recently re-engaged by MAG Silver Corp., a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. MAG Silver’s principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The project is located in the Fresnillo Silver Trend in Mexico, the world’s premier silver mining camp, where Fresnillo as operator, is currently developing an underground mine and constructing a 4,000 tonnes per day processing plant expected to be commissioned by the end of 2021.

Prizma re-engaged by Lucara Diamond for Sustainability Reporting

November 17, 2021. Prizma was recently re-engaged by Lucara Diamond Corp. to assist with its sustainability reporting for FY2021. Lucara operates the Karowe Diamond Mine in Botswana and has embarked on a US$534 million underground expansion project extending the mine life out to 2040. Prizma has been assisting Lucara with its sustainability reporting and other ESG engagements since 2013. Lucara’s annual sustainability reports can be accessed here.

 

Prizma’s Dr. Don Proebstel now MAC TSM Verification Service Provider

September 30, 2021.  Dr. Don Proebstel, Prizma’s Senior ESIA, IESC and Sustainability Advisor, recently became a Verification Service Provider for the Mining Association of Canada’s (MAC) Towards Sustainable Mining (TSM) program. Don has over 25 years of professional experience, including VP Environmental & Sustainability at Gold Reserve Inc.; Senior Environmental & Social Analyst with the US Overseas Private Investment Corporation (OPIC, now DFC); and Director at Natural Power Concepts.

 

Prizma’s Nazari presenting at the Climate, Carbon & the Jewelry Industry webinar 

September 23, 201. Prizma’s ESG Advisor, Mehrdad Nazari, will be presenting at a Jewelry Industry Summit webinar on October 13th, 2021. Mark Hanna, CMO of the Richline Group, a precious metals and materials manufacturer and marketer, and a subsidiary of Berkshire Hathaway, will be moderating.  The webinar recording can be accessed here.

 

Prizma assists Miner with TCFD and negative ESG risk rating

September 15, 2021. Prizma was recently engaged by a precious metals mining company to improve its lagging peer ranking and ESG risk ratings. Assignment included a materiality assessment and a review based on the recommendations of the Task Force for Climate-related Financial Disclosure (TCFD). Outcomes of the assignment included an 18% and a 31% improvement of the company’s peer ranking and ESG risk rating score, respectively.

 

Prizma provides MAC TSM Verification Services in Botswana

September 1, 2021. Prizma was recently engaged by Lucara Diamond Corp. to provide external verification services with respect to the company’s implementation of the Mining Association of Canada (MAC) Towards Sustainable Mining (TSM) Performance Indicators at the Karowe Mine in Botswana. The MAC TSM standards have been adopted by the Botswana Chamber of Mines since 2017.

 

Prizma participates in HSEC Workshop about Benban Solar Park in Egypt 

August 27, 2021. Prizma sponsored and participated in a Health, Safety, Environment and Community (HSEC) training workshop using the Benban Solar Park as a case study (32 plots, 10,000 workers at peak construction, 1.5GW). Benban’s development was co-financed by the AFDB, AIIB, EBRD, IFC and others. Access short Vimeo clip here (1:17 minutes).

 

Interview with Prizma’s Founder Featured by the European Bank

August 10, 2021. As part of its 30th anniversary celebration, the European Bank (EBRD) invited a few alumni to reflect on their time at the EBRD. Mehrdad Nazari, Prizma’s Director, served ten years as a Principal Environmental Specialist at the EBRD in London. An edited version of the interview can be access here. Mehrdad’s LinkedIn profile can be accessed here.

 

Prizma’s Team Includes a Certified User of IHA’s Sustainability Tools 

May 19, 2021. Mehrdad Nazari, Prizma’s Lead ESG Advisor, successfully completed the International Hydropower Association’s course to become a Certified User of IHA’s Sustainability Tools. These tools can assist investors and developers to evaluate ESG gaps/performance of hydropower projects in need of a financial or reputational boost.

 

Prizma Supports Lucara with ESAP for US$220 Million Loan

April 15, 2021. Prizma was engaged by Lucara Diamond Corp. to assist with the implementation of its Environmental and Social Action Plan (ESAP) related to a US$220 million project finance mandate to fund the underground expansion at the Karowe Mine in Botswana. A syndicate of ING, Natixis, Société Générale, Africa Finance Corporation, and Afreximbank acted as the Mandated Lead Arrangers.

 

Prizma estimated GHG Emissions for Gold Project in West Africa

March 4, 2021. Prizma was engaged by Roxgold Inc. (later merged with Fortuna Silver Mines Inc.) to assist with estimating greenhouse gas (GHG) emissions for the Séguéla Gold Project located in Côte d’Ivoire. The estimate was completed in line with the IFC Performance Standards and the Equator Principles.

 

Prizma’s ESG Lead, Mehrdad Nazari, presenting at White & Case Webinar

February 21, 2019. Prizma’s  Mehrdad Nazari contributed to W&C’s 21 Feb. 2021 webinar entitled Mining & Metals 2021 Priorities: ESG momentum reaching a crescendo in a resilient market. The webinar covered (1) ESG compliant investments, (2) Decarbonisation, (3) Rewards of ESG focused miners, and (4) Social License for LATAM projects.

 

Prizma awarded IMAG grant by Wisconsin Economic Development Corporation

December 9, 2020. –  Prizma was awarded an International Market Access/Global Business Development Grant by the Wisconsin Economic Development Corporation for FY2021. This will support Prizma to further develop its advisory services and market access.