Inmet Mining Corporation is giving York’s Schulich School of Business a $1-million gift to support its new MBA specialization in Global Mining Management.
The Inmet gift will be comprised of four annual payments of $250,000 in each of the years from 2012 to 2015. It will be used for further growth and development of the Global Mining Management specialization through increased teaching capacity, academic research, industry outreach and scholarships.
“Schulich’s MBA specialization in mining is helping to prepare future business leaders for a key industry in Canada and around the world,” said Dezsö J. Horváth, dean of the Schulich School of Business.
The specialization is the most comprehensive management education program of its kind. It 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 mining and resource-related industries, but will also pursue careers with financial institutions, engineering companies, and consulting, accounting and legal firms, and other sectors servicing the mining industry.
Dezsö J. Horváth
“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.”
Inmet is a Canadian-based global mining company that produces copper and zinc. It has three wholly-owned mining operations in Turkey, Spain and Finland. The company also has an 80 per cent interest in Cobre Panama, a development property in Panama that is currently in construction.
“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,” said Jochen Tilk, Inmet president and CEO. “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.