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Article: Rio Tinto Alcan initiates CDN$200 million Canada fund.
- Article from:
- PR Newswire
- Article date:
- July 10, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, July 10 /PRNewswire/ -- Rio Tinto Alcan has initiated formation of the previously announced CDN$200 million fund to support communities in Canada. Named the Rio Tinto Alcan Canada Fund, this is a major step in the fulfilment of Rio Tinto's promise to continue the former Alcan's commitments to communities in which it operates. The endowment will be built up over a five year period beginning with the first instalment to be made in July 2008, consistent with the commitment made by Rio Tinto one year ago when it announced the recommended offer for Alcan Inc.
"The former Alcan group of businesses have a legacy of resource stewardship and sustainable ...
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