SUDBURY, Ontario – Ned Goodman, CEO of Dundee Corp., has made a most generous endowment to the Laurentian University School of Mines. Or rather his family foundation, JODAMADA, made the gift thought to be upwards of $10 million. In return the university has named the mining school in the Goodman family’s honour.
“Greater Sudbury has the best orebody and the largest concentration of expertise in mining supply, products and services in the world. We want to be associated with Laurentian University because it’s undoubtedly the go-to university for mineral exploration and mining in Canada, “ said Ned Goodman after a recent visit to Sudbury. “When I heard about Laurentian’s plans for a new innovative School of Mines, I knew I wanted to be a part of it. We will be encouraging our friends in industry to also support this great effort.”
The combination of an aging workforce, competition for skilled workers, and declining enrolment in mining oriented academic programs in most other Canadian universities is of great concern to the mining industry. These deficiencies will likely cause accelerated cost increases, delay of new projects and squeeze profit margins. Many industry leaders have reported a critical need for graduates whose technical competencies are supported by skills in commercial, cultural and environmental aspects of mining.
A global search for the founding executive director of the Goodman School of Mines is in its final stages.
More about this important gift is posted on the Republic of Mining, click here.