MONTREAL, Oct. 23 /CNW Telbec/ - The Rio Tinto Alcan Canada Fund's first
series of community investments, totalling over C$15 million to be distributed
over the next seven years, will be made to McGill University, Université
Laval, Hôpital Rivière-des-Prairies, the Cancer Research Society, the Montreal
Heart Institute, and the Orchestre symphonique de Montréal.
"These grants represent the fund's first set of contributions towards
sustainable initiatives that improve the quality of life in our host
communities," said Dick Evans, chief executive, Rio Tinto Alcan. "In keeping
with its mandate, the fund is a major step towards fulfilling Rio Tinto's
promise to build on Alcan's legacy of supporting the health, environment,
education, and cultural capacities of communities in which we operate."
The Rio Tinto Alcan Canada Fund will be endowed with C$200 million over
the next five years. The Fund is designed to hold the C$200 million
indefinitely and rely on responsible investments of this capital as a source
of regular income from which grants will be distributed. This structure
ensures the long-term well-being of the Fund and provides a sustainable base
from which community-building investments can be made.
The following projects, groups and institutions have been selected as the
first series of investments:
- McGill University, to establish the L. Yves Fortier Chair in
International Arbitration and International Commercial Law, honouring
his leadership and exemplary contribution to this discipline by
strengthening teaching and research. Mr. Fortier is a former chairman
of the Alcan board of directors and is currently a non-executive
director of Rio Tinto.
- Université Laval, for its cooperative programs in mining and mineral
processing engineering and material and metallurgical engineering to
create an undergraduate scholarship program in Quebec targeting
students from French-speaking African countries such as Guinea and
Cameroon where Rio Tinto Alcan operates.
- The Fondation les petits trésors de l'Hôpital Rivière-des-Prairies, to
support the only institution dedicated exclusively to the mental health
of children and teenagers in Quebec and to improve educational
initiatives and reduce wait times for autism diagnosis.
- The Cancer Research Society's Environment-Cancer Fund and its
multidisciplinary, cross-institutional approach to researching the
links between certain types of cancer and our everyday environments.
- The Montreal Heart Institute Foundation's Heart Beat for the Future
campaign to advance research, learning, and technology development in
the fields of cardiology and basic and clinical research, as well as
physical expansion of this world-class facility.
- The Foundation of the Orchestre symphonique de Montréal, to support the
work of one of North America's finest and most innovative orchestras
including its educational role and community outreach activities.
The Rio Tinto Alcan Canada Fund was created in 2008 to support projects
and organisations that contribute toward sustainable and vibrant communities
in which to live and work.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto
Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal and
uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and
iron ore. Activities span the world but are strongly represented in Australia
and North America with significant businesses in South America, Asia, Europe
and southern Africa.
For further information:
For further information: Rio Tinto Alcan Media Relations, Canada:
Stefano Bertolli, (514) 848-8151, firstname.lastname@example.org;