Any homeowner knows how critical it is to have clear and secure rights to their property. How does Kinross ensure that we have properly secured our rights to the many diverse land holdings across our global sites?
The processes Kinross once used to manage land, mineral and water right assets were varied and outdated, generally consisting of localized spreadsheets, folders in boxes and cabinets, and paper files. Each Kinross site is responsible for their own process, and it was evident these antiquated methods needed much improvement.
A new system called the Kinross Land Management System (KLMS) is changing all that. KLMS – currently in its final phase of implementation – is a digital, web-based land tenure management system. It is establishing a comprehensive inventory of property rights, building standards in tenure management, supporting efficient communications, capturing institutional knowledge, and most importantly, minimizing the risk of loss of title.
From acquisition, through exploration, development, mining and ultimate site closure and/or sale, the system will help us ensure the security of all Kinross property rights and interests.
First implemented in 2012 in USA, Brazil and Chile, this year’s implementation focused on Ghana, Russia and Mauritania. The final phase is expected to be completed in 2015.
Other participants not pictured: Alexander Lapo, and Dotzo Dotzov.
