The Ontario Trillium Foundation and Glencore Canada have formed a $1-million legacy fund to support non-profit endeavours in Timmins following the closure of Kidd Operations in 2021.
Kidd Operations (a division of Glencore Canada) and the Ontario Trillium Foundation will each contribute $500,000 into the Kidd Operations – Ontario Trillium Foundation Legacy Fund, which will begin making grants upon Kidd’s anticipated 2021 closure.
A provincial news release said this fund will lay the groundwork for future private-public collaborations.
“In 2016, Kidd Operations will be celebrating our 50th anniversary,” said Kidd’s general manager, Tom Semadeni, in a news release.
“The establishment of a legacy fund celebrates a venerable 50-year history of social and economic contributions to the City of Timmins as well as looks to the future to help the local non-profit sector transition to increased self-reliance when Kidd exits the community in or about 2021,” he added. “Kidd Operations is proud to have been chosen as the Ontario Trillium Foundation’s first corporate donor in this new and innovative collaborative model.”
Kidd Operations, which produces copper and zinc concentrates, began operations in 1966 and is the deepest base-metal mine in the world. The site employs 900 people, including contractors.
Since 2007, Kidd Operations’ Community Partnership Program has provided nearly $4 million to community organizations and projects.
The Ontario Trillium Foundation will administer the new legacy fund and manage the application process.
