Colorado School of Mines Receives $1.5 Million Commitment from Newmont Mining

GOLDEN, Colo., June, 4, 2013 – Colorado School of Mines announced today that Newmont Mining Corporation has bolstered its support for student scholarships, the Center for Innovation in Earth Resources Science & Engineering (CIERSE), and two of the university’s three colleges. The new commitments, totaling $1.5 million, include funding for research projects through CIERSE, establishment of the Newmont Mining Scholarship Fund, and support for the College of Earth Resource Sciences & Engineering and the College of Applied Science & Engineering.

“Newmont is one of Colorado School of Mines’ most valued corporate partners,” said Mines President M.W. Scoggins. “Their generous support helps Mines continue to build its 140-year legacy as a top-tier teaching and research institution in science and engineering, and it further deepens our history of service to and partnership with the mining industry.”

In December 2009, Newmont pledged $1.2 million to establish CIERSE at Mines, a multidisciplinary research center focused on educating new professionals and developing innovative solutions to key challenges facing the mineral resource industry.

Newmont employs many Mines alumni within the company and has a close partnership with student organizations and activities on campus, as well as longstanding research partnerships.

“Newmont greatly values our relationship with Colorado School of Mines. By working closely with Mines and CIERSE, we can advance modern mining and position our industry to deliver sustainable value for all our stakeholders, today and in the future,” said Perry Eaton, Group Executive with Newmont’s Global Exploration Solutions Group. “Newmont is excited about the opportunity to support the development of Mines’ three new colleges and to provide some of the best and brightest among the student body with financial support.”

Newmont Mining Corporation is one of the world’s largest producers of gold, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. The company was founded in 1921, and is the only gold company included in the S&P 500 Index and Fortune 500. Headquartered near Denver, the company has around 40,000 employees and contractors worldwide. In 2007, Newmont was the first gold company named to the Dow Jones Sustainability World Index (DJSI) and has been named to the DJSI every year since.

Colorado School of Mines is a uniquely focused public research university dedicated to preparing exceptional students to solve today’s most pressing energy and environmental challenges. Founded in 1874, Colorado School of Mines was established to serve the needs of the local mining industry. Today, the university has an international reputation for excellence in both engineering education and the applied sciences with special expertise in the development and stewardship of the Earth's resources. For more information about Colorado School of Mines, visit mines.edu.

 

Contact:
Kim Senger, Director, Corporate and Foundation Relations / 303-273-3148 / ksenger@mines.edu