Rio Tinto invests $16m in Makira Natural Park REDD+ Project in Madagascar [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
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Source: Yahoo! Finance
Madagascar, through a new partnership with the Wildlife Conservation Society (WCS) and Everland. This commitment complements Rio Tinto's investment in nature-based solutions in the south-east of the country. The Makira Natural Park REDD+ Project encompasses 372,000 hectares of dense primary forest. One of the largest remaining rainforests in the country, harbouring 17 species of lemur and more than 50% of Madagascar's botanical diversity, Makira is critical to the protection of species found nowhere else in the world. Home to approximately 90,000 people who live in 120 villages in the project area, the project works to build the capacity of communities to practice more sustainable agriculture and avoid deforesting new areas. Rio Tinto's commitment will allow the project to scale up and improve protected area management and bring funds that will directly benefit the rural communities living in and around the Park. These funds will allow the project to reassess the deforestation bas
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