Kinross has a strong record of social investment in the communities that support our operations at Kupol and our development project in Dvoinoye. In the Chukotka region, where our mines are located, we support capacity development through our Kupol Foundation, with a focus on education, health and small business. In Magadan, home to more than 80% of our employees, and in Moscow, our activities focus on education and youth.
Outside of the Foundation structure, our Kupol mine contributed to the community in other areas in 2010 and 2011, including:
- Provided support for schoolchildren living in Ilirney, a community of 200 people located in the Chukotka region. In 2011, the team at Kupol hosted seven school-age winners of a community art contest. The children toured the Kupol mine and tried their hand at cooking and art classes. This event marks the second time children from the Chukotka region have visited Kupol and, based on its success, additional community visits are planned in 2012;
- Signed a socio-economic agreement in 2011 with the Chukotka government that helped finance a new swimming pool at a sports complex in Bilibino; and
- Provided support to reindeer herding in Chukotka. Kinross representatives visit the herders regularly, delivering food, fuel and medical supplies, as well as treats for children to them at various locations, often several hundred kilometres from our operations.
In Magadan and Moscow, our initiatives aim to create an interest in mining careers and the development of sports activities for local youth. Among the initiatives supported:
- Committed $300,000 over three years to establish the Kinross Gold Professorship in Development Economics at the New Economic School in Moscow. Established in 1992, the New Economic School is ranked among the top economic departments in the world;
- Provided nine geology students from Anadyr College with two- to three-month long internships at our Kupol site in 2010 and 2011. Two students were offered employment by Kinross;
- Sponsored Moscow State University’s Geological Competition in 2011. More than 350 participants from 19 regions of Russia took part in a variety of scientific fields including geology, mineralogy and crystallography;
- Partnered with Magadan’s Department of Education and the Mayor’s Office to sponsor 15 awards for winners of mining-related disciplines in the educational Olympiads. In 2011, 350 schoolchildren from Magadan City and surrounding region took part;
- Unveiled a renovated multi-functional sports facility at a local school. Thanks to bringing in a new multi-functional sports surface and the installation of a new lighting system in 2011, students and local residents can now play soccer, basketball, hockey or volleyball both day and night. The project was a joint initiative between our Magadan office and the local government. Kinross contributed more than $68,000 to the project, helped get the centre’s equipment shipped by rail and sea, and provided the materials for the upgrades; and
- Continued sponsorship of the Tretyak Youth Hockey Tournament run by the Vladislav Tretyak Foundation and Sports Academy. Twelve youth teams from Europe, Russia and North America compete in this popular Moscow event. In 2010 and 2011, we continued support for the Foundation, which raises funds to support youth across the Russian Federation. In 2011, we co-sponsored the 10th Annual Canada Eurasia Russia Business Association (CERBA) Charity Auction in Moscow, which raised more than $212,000 for the Foundation.