DE BEERS CANADA FUND Sample Clauses

DE BEERS CANADA FUND. 11.1.1 During the course of the MVEIRB hearings, De Beers, through its corporate parent in Canada, Xx Xxxxx Canada Corporation, made a commitment to establish in Canada, the De Beers Canada Fund (the Fund) for social investment in Canada. Monies in the Fund are to be used to support projects initiated and driven by those communities that are most likely to be affected by De Beers’ mines. Specific criteria for expenditure of monies in the Fund will be defined by De Beers but key requirements for successful proposals will include sustainability of art, culture and heritage, promotion of literacy and building community capacity in affected communities.
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