Montana Tech Receives Leadership Gift from Freeport-McMoRan

Montana Tech Receives Leadership Gift from Freeport-McMoRan



On July 8, 2010, Freeport-McMoRan Copper & Gold Inc., a leading international mining company, provided Montana Tech with a pledge of $1,050,000 to establish the Freeport-McMoRan Professorships Endowment. This leadership gift is in support of Montana Tech’s comprehensive fundraising campaign, Strengthening Foundations…Ensuring the Future.

The first installment in the amount of $300,000 accompanied the pledge. The remaining $750,000 will be paid over the next three years. The professorships will be used to supplement the salaries of three faculty positions in the mining, geological, and metallurgical engineering departments.

“We are proud to be part of this partnership to help Montana Tech recruit and retain high-quality faculty members within the School of Mines and Engineering,” announced Richard C. Adkerson, President and Chief Executive Officer of Freeport-McMoRan Copper & Gold. “Alumni of Montana Tech are significant contributors in our organization, including serving on our senior management team. Montana Tech has remained committed to excellence in its mining-related programs, with quality curriculums, outstanding faculty and a commitment to diversity in its learning environment. Our partnership with the University is designed to support ongoing and increased excellence in these areas to benefit the institution, the faculty and students.”

“Freeport-McMoRan has allowed us to improve the compensation of our tremendous faculty members,” said Dr. Peter Knudsen, Dean of the School of Mines and Engineering. “We are elated to award Dr. Chris Gammons, geological engineering; Dr. K.V. Sudhakar, metallurgical engineering; and Dr. R. Reddy Kallu, mining engineering with Freeport-McMoRan professorships.”

“Freeport-McMoRan is a tremendous organization that makes a difference in people’s lives all across the globe. The creation of this permanent endowment will supply resources that will impact the faculty on this campus forever,” commented Mike Johnson, Vice Chancellor of Development and Student Services and President of the Montana Tech Foundation.

“This gift enhances the continuing efforts of the Montana Tech Foundation to bring new resources to Montana Tech that support faculty and students. The three individuals earning the distinction of Freeport-McMoRan professorships are outstanding examples of engineering scholars and our students are fortunate to have them among our outstanding faculty,” added Dr. Frank Gilmore, Montana Tech Chancellor.