TSM Progress Report 2006

Measuring our members’ latest TSM performance.

Over the past two years, TSM initiative leaders from member companies have worked to design a verification system that does the following:

  • verifies that MAC members’ assessments reflect actual company performance
  • assists members in developing the capacity to monitor and self-assess TSM implementation
  • ensures that MAC members and their communities of interest can rely on the reported results

Initiative leaders reviewed a range of verification systems in use or under development by MAC members and other industry associations in mining and non-mining sectors. Several auditing and verification professionals were consulted or were actively involved in the design. In addition, the Community of Interest (COI) Advisory Panel was regularly consulted on all elements of the system. Initiative leaders were able to incorporate much of the panel’s advice.

The resulting TSM verification system is based on a layered approach. Three elements combine to give MAC members and their communities of interest confidence in the integrity of reported company performance:

  • verification of company self-assessments by an external verifier
  • letter of assurance from a CEO or authorized officer confirming the verified results (to be published on MAC’s website)
  • annual post-verification review of two or three member companies’ performance by the COI Advisory Panel

Related Resources

Mining News  | 
The Chamber of Mines of the Philippines (COMP), the organization of some of the country’s[...]

Popular Resources

Report  | 
MAC’s annual flagship publication detailing the latest trends in the Canadian mining industry.

Canadian Mining Stories

The sector is a major economic driver in our Canadian economy and a great contributor to jobs and leading technologies and here are our stories. 

Marie Inkster

Marie Inkster is the President, CEO and Director of Lundin Mining Corporation. Lundin was one of the lead sponsors of the Canadian Museum of Nature’s Courage And Passion exhibit which...

Canada’s Mined Materials Provide the Building Blocks for Green Technology

Canada has all the ingredients—sustainably-sourced minerals, metals and energy products—needed for the technologies that are enabling the transition to a low carbon future. Raw materials are transformed into technology that,...

Subscribe to MAC News


*Indicates a required field

You can unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

By clicking submit, you consent to allow The Mining Association of Canada to store and process the personal information submitted above to provide you the content requested.