Corporate Donations and Sponsorships

We invest in local infrastructure, sponsorships and educational partnerships as well as many 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);
  • 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 cooperation and development. The Company will also consider contributions to support entrepreneurialism and small businesses in the areas of strategic focus listed above.

Corporate Donation Highlights

Kinross donated to over 100 charitable causes in 2009. 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 2008 and 2009 include:

  • Committed CDN $500,000 over five years to support the Kinross Professorship in Mining and Sustainability in partnership with the Department of Mining Engineering at Queen’s University in Kingston, Ontario, Canada;
  • Donated CDN $100,000 to Zerofootprint to support school nutrition programs in the Democratic Republic of the Congo;
  • Provided financial support to the Daytrippers program for the sixth consecutive year, sending approximately 5,000 lower-income elementary children on environment-based educational school trips they otherwise would never have experienced; and
  • Donated CDN $240,000 to the Duke of Edinburgh’s Award program, including $50,000 as a founding partner. 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.

In early 2010, in response to the earthquake in Chile, Kinross committed to provide CDN $705,000 in humanitarian relief initiatives. To learn more, see Chile Earthquake Response.

The FORRÉ Network is an innovative research partnership between Kinross, the University of Guelph in Ontario, Canada, and universities and institutions in Brazil. Aimed at discovering new approaches to environmental sustainability and resource management, the FORRÉ Network provides opportunities for students, professors, researchers and the resource sector to work together towards a common goal. Various research initiatives, centred on sustainability in the resource sector, are supported by the network. Current examples of FORRÉ research projects and studies underway include:

  • Predicting the effects of biodiversity losses due to global change in natural grasslands and forests;
  • Predicting invasion of grassland and forests by exotic species;
  • Best practices in community engagement in the Canadian and Brazilian mining sector; and
  • Modelling natural forest expansion over grassland.

The FORRÉ Network’s emphasis on multi-institutional and multi-disciplinary research creates rich learning opportunities for students and builds cooperative relationships among institutions.