 In 1992 the World Bank began to push for privatization of government-owned mining companies with a new set of codes, beginning with its report "The Strategy for African Mining".In 1997, Latin America's largest miner Companhia Vale do Rio Doce (CVRD) was privatized.These and other developments such as the Philippines 1995 Mining Act led the bank to publish a third report ("Assistance for Minerals Sector Development and Reform in Member Countries") which endorsed mandatory environment impact assessments and attention to the concerns of the local population.