Corporate Donations and Sponsorships
We invest in local infrastructure, sponsorships and educational partnerships as well as other initiatives where we provide financial support, expertise and in-kind goods and services. In 2010, Kinross adopted a Corporate Donations and Sponsorship Policy, which identifies the following as key areas of focus in the communities where we operate:
- Health (including hospitals, children’s health and public health);
- Environment (including sustainability and alternative energy programs); and
- Education (including skills and vocational programs at the community level, and research and training programs relevant to the mining industry).
In addition, the Company considers contributions to non-profit organizations that undertake public policy research and/or promote initiatives aimed at advancing the cause of responsible mining and promoting international co-operation and development. The Company will also consider contributions to support entrepreneurialism and small businesses in the areas of strategic focus listed above.
Corporate Contribution Highlights
Kinross donated $10.5 million in corporate donations to more than 100 charitable causes in 2011. In addition to the community investments and partnerships at the operations level, outlined in the In the Community section of this report, our corporate donation highlights for 2010 and 2011 include:
- In 2010, Kinross committed to contribute $10 million over three years to the development of a mining school in Mauritania. The goal is to help develop a pool of skilled in-country professionals and technical experts to support the future development of Mauritania’s mining industry, including Kinross’ Tasiast mine;
- In 2010 and 2011, we also fostered partnerships with other educational institutions in the regions where we operate, including a three-year, $1 million endowment to the University of Alaska Fairbanks for advanced training to mining engineering students and $300,000 in financial support to establish a professorship at Moscow’s New Economic School. In addition, in 2010, we donated CDN $1 million to the BetterPlanet Project at the University of Guelph in Guelph, Ontario, Canada, to create the Kinross Gold Chair in Environmental Governance. In 2012, we extended our commitment to the Department of Mining Engineering at Queen’s University in Kingston, Ontario, Canada to support the Kinross Professorship in Mining Health and Safety;
- In 2011, Kinross committed $2.5 million to build and help equip a new Medical Emergency Centre in Mauritania. The emergency centre will provide much-needed additional health-care infrastructure for the country. It will serve the residents of Nouakchott (a city of approximately one million), as well as people from other parts of the country who largely depend on Nouakchott as a centre for health-care services and resources;
- During 2010, corporate head office employees in Toronto raised more than CDN $85,000 in cash for such charities as Doctors Without Borders, the Heart and Stroke Foundation, World Vision, Prostate Cancer Canada, and the Duke of Edinburgh Awards. Employees also donated more than 227 kilograms of food for local food banks and gifts for families sponsored in our Adopt-a-Family Christmas program;
- Donated CDN $30,000 to the Canadian Red Cross to support relief efforts to Haiti following the devastating earthquake in March 2010;
- Continued to support the Duke of Edinburgh’s Award program in 2011. The program encourages youth to be active, to participate in new activities and pursue current interests in the areas of community service, personal skills development, physical recreation and adventurous journey; and
- Contributed CDN $50,000 in 2010 to support the construction of an Earth Science and Systems Building at the University of British Columbia. The new facility will incorporate the latest technologies to create a flexible learning environment to increase research capacity and promote collaboration.