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The Mining Club was established under the name of the Mining and Metallurgical Club in 1910, to provide a meeting place for engineers and individuals from companies engaged in the mining industry. The founding members were closely linked to the Institution of Mining and Metallurgy (IMM). Amongst the 74 original members of the Club was Herbert Clark Hoover (later President of the United States of America), who at that time had a consulting mining engineering practice in London.
Based at 3 London Wall, City of London, the Club provided members dining, music, games and space for other social functions. In the later 20th century mining companies moved away from the City of London. The Club ceased to be financially viable and was closed in 1992. The Club's residual funds of £32,000 were handed over to the IMM (later the Institute of Materials, Minerals and Mining) to establish an annual award, the Mining Club Award, to fund an annual travel scholarship for young persons in the industry.