Inmet Mining and Schulich School of Business Announce $1 Million Gift for Schulich's Global Mining Management MBA Specializat...
30 November 2012 - 3:00PM
Marketwired
Inmet Mining Corporation (TSX:IMN) ("Inmet") today announced a one
million dollar gift to the Schulich School of Business at York
University ("Schulich") to support Schulich's new MBA
specialization in Global Mining Management. The Inmet gift will be
fulfilled by four annual payments of $250,000 in each of the years
from 2012 - 2015.
The Inmet gift will be used to further the growth and
development of the Global Mining Management specialization through
increased teaching capacity, academic research, industry outreach
and scholarships. The specialization is the most comprehensive
management education program of its kind and was established to
meet the mining industry's concerns about a looming shortage of
mining executives to manage the industry's growing complexities and
challenges in the coming decades. Graduates of the Global Mining
Management specialization will not only work in the mining and
resource-related industries, but will also pursue careers with
financial institutions, engineering companies, and consulting,
accounting, legal firms and other sectors that service the mining
industry.
"Schulich's MBA specialization in mining is helping to prepare
future business leaders for a key industry in Canada and around the
world," said Dezso J. Horvath, Dean of the Schulich School of
Business.
"Inmet is taking a leadership position in addressing a
significant need for the entire mining industry," said Richard
Ross, Director of Schulich's Global Mining Management program and
an executive-in-residence at the school. "This gift from Inmet is a
major step for Schulich's Global Mining Management program in
meeting its vision of developing and mentoring the next generation
of business leaders in one of the world's most vital and
challenging sectors."
Jochen Tilk, President and Chief Executive Officer of Inmet
commented "We understand the critical need for sector-specific
training and study, and are pleased to recognize the grounding
being offered through Schulich's Global Mining Management program.
We are particularly proud to support the focus on corporate
responsibility, since skills in this area have become essential for
a well-rounded mining executive."
The Inmet gift will be announced by Jochen Tilk at a private
luncheon and reception to be attended by senior academics and
industry representatives. Following the reception, Tilk will
deliver the opening keynote address at the Schulich International
Case Competition, which focuses on community engagement in the
mining industry. Inmet is the core sponsor of this year's case
competition and Craig Ford, Inmet's Vice President, Corporate
Responsibility is one of the competition's judges.
About Inmet
Inmet is a Canadian-based global mining company that produces
copper and zinc. Inmet has three wholly-owned mining operations:
Cayeli (Turkey), Las Cruces (Spain) and Pyhasalmi (Finland). The
company also has an 80 percent interest in Cobre Panama, a
development property in Panama, currently in construction.
About Schulich
Known as Canada's Global Business School(TM), the Schulich
School of Business at York University in Toronto is ranked among
the world's leading business schools by a number of global
surveys.
Contacts: Inmet Mining Flora Wood Director, Investor Relations
(416) 361-4808flora.wood@inmetmining.com www.inmetmining.com
Schulich School of Business Richard Ross, Director of Schulich's
Global Mining Management specialization and Executive-in-Residence
416-736-2100, ext. 66532rross@schulich.yorku.ca
www.schulich.yorku.ca