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Rio Tinto announces $12 million dollar Telethon partnership
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Rio Tinto has announced a three-year partnership with Telethon, committing $4 million annually to enhance child health and wellbeing in Western Australia. This initiative follows a prior $4 million donation in 2020. Funding will support three initiatives: The Rio Tinto Diabetes Global Research Centre, Embrace @ Telethon Kids Institute, and The Telethon Trust, focusing on research for Type One diabetes and mental health. CEO Simon Trott expressed pride in supporting critical health projects for children.
Positive
Annual commitment of $4 million to Telethon for three years, totaling $12 million.
Support for critical research initiatives addressing Type One diabetes and children's mental health.
Strengthens corporate community engagement and brand reputation through charitable partnership.
Negative
None.
MELBOURNE, Australia--(BUSINESS WIRE)--
Rio Tinto has announced a new three-year partnership with Telethon aimed at improving the health and wellbeing of children in Western Australia.
The partnership, which follows a $4 million donation in 2020, starts with a new $4 million donation delivered over this Telethon weekend and continues with $4 million each year to 2023,to support further research into mental health and juvenile diabetes.
This year, Rio Tinto’s $4 million donation will be distributed between three important health initiatives, TheRio Tinto Diabetes Global Research Centre, Embrace @ Telethon Kids Institute, andThe Telethon Trust.
The donation to The Rio Tinto Diabetes Global Research Centrewill support critical research into Type One diabetes to improve the lives of those living with the condition, the effects of which last long beyond childhood.
Funding delivered to Embrace@ Telethon Kids Instituteover the next three years will enable Embrace to grow ‘big ideas’ and provide seed funding to build the state’s first research centre devoted to the mental health of children and young people.
The partnership will also deliver vital funds to the Telethon Trust, which distributes grants annually to a range of not for profit organisations that help transform the lives of WA children.
Rio Tinto Iron Ore Chief Executive, Simon Trott said, “Rio Tinto is delighted to be partnering with Telethon to help deliver critical research and initiatives that will improve the wellbeing of kids all across the state.
“Telethon is an iconic Western Australian charity event and Rio Tinto and its entire workforce is really proud to support this wonderful cause.
“We’re proud that this donation will help important children’s charities and amazing medical research into diabetes and mental health for our young people.”
What is the new partnership between Rio Tinto and Telethon about?
Rio Tinto has entered a three-year partnership with Telethon to improve the health and wellbeing of children in Western Australia, with an annual donation of $4 million.
How much money is Rio Tinto donating to Telethon?
Rio Tinto is donating $4 million each year for three years, totaling $12 million.
What initiatives will Rio Tinto's donation support?
The donations will support The Rio Tinto Diabetes Global Research Centre, Embrace @ Telethon Kids Institute, and The Telethon Trust.
Who is the CEO of Rio Tinto?
Simon Trott is the CEO of Rio Tinto.
What impact does the partnership have on children’s health?
The partnership aims to enhance research into Type One diabetes and mental health initiatives for children, improving overall child wellbeing.
