South Dakota Mines receives historic donation for school improvements

RAPID CITY, S.D. — The School of Mines’ Surbeck Center was buzzing with excitement over a historic donation Thursday. Nucor, a steel production company based in North Carolina, will donate $5 million to the school – the largest corporate donation in school history.

Pres Jim Rankin Of South Dakota MinesThe money will go towards a new $34 million building to be named for the company.

The South Dakota Legislature has agreed to provide $19 million, with the school working to raise $12 million. Plans for the building include updated resources for students and more opportunities for labs, advancing mineral industry studies.

“Just an exciting day to see this mineral industries building,” President of South Dakota School of Mines and Technology Jim Rankin said. “I’ve been here four years, and I know this has been a campus priority to get this built, to see this moving forward.”

There are no plans yet for the location of the new building, but school officials are looking to place it somewhere out in the quad area.

The company has a strong presence of graduates from the school working for them, which was a part of their decision to make the donation.

“We see that there is a lot of characteristics and traits of the graduates and the leaders here that fit into our culture,” Nucor Vice President of Talent Dan Krug said. “The students at this school have a very innovative entrepreneurial spirit that fits our company. They are able to make decisions on their own and figure out how to solve problems and help our company solve problems. And that’s the kind of people that we want in our company.”

President Rankin hopes to break ground on the new building this summer.

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