-approximately 140 million ounces of proven and probable gold reserves
-6.5 billion pounds of copper reserves
-1.07 billion ounces of silver
Don’t believe me? Check it out on the official website:
Which obviously meant that Mr. Munk has a lot of money to throw around; so he decided to throw some towards UofT – with conditions of his own. There has been a lot of debate occurring at the University in accordance to Munk’s association to the school now. Many conflicts revolve around this donation.
Munk donated $35 Million, which will be donated over an extended period of time. Munk wants his own say with what will be taught in the school and wants “to discuss the programs, activities and initiatives of the School in greater detail.” Basically, what Munk wants to be taught at the school will be taught otherwise there maybe consequences, such as withholding the donation money.
Munk’s mining corporation is accused of human rights violations, labour violations and environmental devastation. Gold mining itself is known to be the most environmentally damaging industry in of itself; they use cyanide and other such harmful chemicals which have connections to diseases, it contaminates the water and disturbs wildlife. Not only this, but destruction of many unspoken villages and displacement of communities, killings of anti-mining activists and destruction of agriculture.
Students are worried about what kind of influence this man will have on the teaching of such an intricate subject of Global Affairs. These factors concerning Munk are shocking, will it actually have an effect on the academia at UofT?