IAMGOLD donates $1.25M to fund position
Thanks to a $1.25-million donation from IAMGOLD Corporation, Laurentian University’s Bharti School of Engineering will soon host the country’s first research chair in open-pit mining. The research chair is also the first at Laurentian funded entirely by private industry.
IAMGOLD Corporation, a 6,000-employee company with operations in Quebec, West Africa and South America, plans to open an open-pit gold mine at its Côté Gold project south of Gogama in 2017.
The company is looking to spend $1.4 billion to develop the mine, which will employ up to 2,000 people during construction and 400 people once up and running.Given these plans, the company thought it was a good idea to sponsor the research chair, said IAMGOLD CEO Stephen Letwin.
He said the company needs employees trained in the area of open-pit mining and sees the contribution as “an investment in the future.”
“I just can’t tell you how pleased we are to be part of the community and be partners with the school and partners with the region,” Letwin said, speaking to Northern Life on Jan. 14 after the position was announced.