Martin Preece, who runs the company’s South Deep gold mine in South Africa, will take on the role of interim CEO while the board searches for a new boss.
The grant is awarded to organizations working on projects related to education and youth development, environmental stewardship, economic development, or cultural sustainability.
The Young Mining Professionals Scholarship Fund has this year awarded C$210,000 to 44 students pursuing mining-related programs at post-secondary institutions across Canada.
Ivanhoe Mines was the first company to implement the LPRM in 2019. Now 12 companies are using it, including Freeport-McMoRan, New Gold, and Lundin Gold.