The Mining Local Procurement Reporting Mechanism (LRPM) is a set of disclosures that seeks to standardise how the global mining industry and host countries measure and talk about local procurement. In most cases procurement of goods and services is the single largest in-country payment type by a mine site, and yet to date there has been no commonly accepted way of reporting on the issue. Commissioned by GIZ and created by the Mining Shared Value initiative of Engineers Without Borders Canada, the LPRM helps mine sites report on local procurement to:
- Improve internal management in mining companies to create more benefits for host countries and to strengthen their social license to operate.
- Empower suppliers, host governments, and other stakeholders with practical information that helps them to collaborate with mine sites.
- Increase transparency in the procurement process to deter problematic practices such as corruption.