September 20, 2022

CEFC Invests in RCF Jolimont II to Support Mining Innovation to Help Miners Decarbonise

Perth, Australia, Sept. 20, 2022 (GLOBE NEWSWIRE) —

Contact Information
Resource Capital Funds
Lyle Bruce, Partner, Head of Funds
+61 418 716 003
lyleb@rcfjolimont.com
www.resourcecapitalfunds.com
Release Date: September 19, 2022

FOR IMMEDIATE RELEASE

CEFC Invests in RCF Jolimont II to Support Mining Innovation to Help Miners Decarbonise

[Perth, Australia] Resource Capital Funds announces that The Clean Energy Finance Corporation (CEFC), Australia’s largest dedicated cleantech investor, has invested US$14 million into RCF Jolimont Mining Innovation Fund II (RCF Jolimont Fund II), a leading growth private equity fund specializing in mining innovation that strives to make mining safer, better, and more efficient.

RCF Jolimont Fund II will invest in growth Mining Equipment, Technology, and Services (METS) companies with an increasing focus on mining innovation investments that look to support the decarbonisation of the sector and meet the mining industry’s appetite for the clean energy technologies that will seek to accelerate the reduction of emissions across the industry.

The need to decarbonise is driving a paradigm shift in demand for vital minerals and metals to support the green energy transition. The METS sector leads the way with technological advancements that are making mines safer, more sustainable and productive.

“The METS sector is helping to enable the sustainable mining of critical energy transition metals like copper, nickel, lithium and others that the world is demanding. We are proud to have the support of the CEFC to continue investing in emerging mining technologies that are revolutionizing how mines operate, and helping reduce the emissions of Australia’s mining operations,” says Lyle Bruce, Partner, Head of RCF Jolimont.

CEFC Resources Executive Director Rob Wilson said: “Reducing emissions in the mining industry is critical to Australia’s push towards net zero emissions and will help position the sector competitively for the future. Our investment in RCF Jolimont II will help tackle what is a traditionally hard-to-abate sector by backing companies that are developing innovative solutions to emissions reduction.

“The RCF team has exceptional experience in mining-focused private equity and specialist expertise in fostering the growth of mining innovation companies. The potential pipeline of investee companies offers an exciting opportunity to recast mining in Australia for the long term as we help solve the challenge of decarbonising mining.”

Estimates from the International Energy Agency (IEA) notes that efforts to reach the IEA’s widely accepted Sustainable Development Scenario would mean “a quadrupling of mineral requirements for clean energy technologies by 2040.¹”

“The demand for critical minerals is clear. RCF Jolimont Fund II invests in those innovative firms that can unlock the speed and efficiency needed to help the mining industry responsibly meet the moment,” states Bruce.

About Resource Capital Funds
RCF is a pioneer in the mining-focused alternative investment space partnering with companies to build strong, successful, innovative, and sustainable businesses that strive to produce superior returns to all stakeholders. RCF offers distinct investment strategies across the risk/return spectrum aimed at providing capital throughout the development and capital structure risk spectrum. Mining is an essential global industry for the world today and the world of the future. Everything society needs is either grown or mined. With paradigm shifts in demand driven by decarbonization, emerging middle-income growth, and other global factors, RCF has the investment experience, technical & ESG knowledge, commercial experience, and global networks necessary to invest across all commodity cycles.

About the CEFC
The CEFC is a specialist investor at the centre of efforts to help deliver on Australia’s ambitions for a thriving, low emissions future. With a strong investment track record, the CEFC is committed to accelerating our transition to net zero emissions by 2050. In addressing some of the toughest emissions challenges, the CEFC is filling market gaps and collaborating with investors, innovators, and industry leaders to spur substantial new investment where it will have the greatest impact. The CEFC invests on behalf of the Australian Government, with a strong commitment to deliver a positive return for taxpayers across our portfolio.

1 https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions

Resource Capital Funds
Lyle Bruce, Partner, Head of Funds
+61 418 716 003
lyleb@rcfjolimont.com
www.resourcecapitalfunds.com
Release Date: September 19, 2022

September 20, 2022

Bombardier Announces the Winners of its 2021 Diamond Supplier Program

Diamond certification granted to suppliers who demonstrated outstanding operational performance and competitiveness in 2021
This is the fourth consecutive year Bombardier has awarded suppliers with this program

MONTREAL, Sept. 19, 2022 (GLOBE NEWSWIRE) — Bombardier has awarded 18 of its suppliers with the prestigious Diamond certification, recognizing them for their excellence in operational performance standards for 2021, as well as for their commitment to continuous improvement. Bombardier presented the awards for outstanding effort to its Diamond Suppliers during a ceremony in Montréal today.

“Our business partners are key to our continued success, as they help us in delivering the world’s best business jets to the market,” said Shauna Gamble, Chief Procurement Officer, Bombardier. “I want to congratulate the 18 winners of our 2021 Diamond Supplier program and for working collaboratively with us and pursuing continuous improvement in light of challenges observed around the world.”

“Through the Bombardier Diamond Supplier program, we establish a common definition of excellence, contributing to building a strong and long-term relationship with our valued suppliers,” said Paul Sislian, Executive Vice President, Operations, Bombardier. “We are particularly proud that eight of the winners are Quebec-based, as we continue to support the local aerospace sector and expand our capabilities.”

Suppliers are recognized across three categories – Production, Indirect goods and services, and Aftermarket. Bombardier Diamond Suppliers have met the operational performance and competitiveness levels needed to qualify in these specific categories for the calendar year 2021. These suppliers are:

Production:

Aerospace Industrial Development Corporation
FACC Operations
Groupe Meloche
Placeteco
Plastiques Flexibülb
Sealth Aero Marine
ShinMaywa Industries, Aircraft Division
Techno Aerospace

Indirect goods and services:

AAA-Canada
Accenture
Avis Budget Group
Axiscades Technology Canada
Kuehne + Nagel
MSB, Ressources Globales Aero
NTT DATA Inc.
Tech Mahindra Limited

Aftermarket:

Peerless Aerospace Fastener Corporation
Rolls-Royce Business Aviation, Customers and Services Division

The world-class performance and competitiveness of Bombardier business aircraft and the company’s track record of excellence and innovation are achieved through the collaborative efforts with suppliers and by building valued partnerships based on trust and respect. For more information about this program, please visit Bombardier’s Diamond Supplier program web page.

About Bombardier
Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China, and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Learjet, Challenger, Global and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

For Information

Anna Cristofaro
Manager, Communications
Bombardier
+1 514-855-8678

September 20, 2022

Vietnamese dissident appeals five-year sentence

Vietnamese blogger Le Anh Hung has lodged an appeal against his five-year sentence for “abusing democratic freedoms to infringe upon the interests of the State.”

Hung, 39, blogged about Vietnamese politics for Voice of America and news of his appeal was announced by fellow activist and journalist Nguyen Vu Binh, who spoke with Hung’s mother Tran Thi Niem.

“More than a week ago, when I visited Hung’s mother, she told me that she had not been able to meet him at Temporary Detention Center No. 1.” which is under the authority of the Hanoi Police Department, Binh said.

“They told her that on September 12, he submitted an appeal so she could not meet him before the appeal hearing. “

RFA contacted Hung’s mother again, but she told him she was too ill to give interviews. She earlier told RFA she had spoken with the Hanoi police investigator who told her Hung would probably be released next year after spending time in a mental hospital and in pre-trial detention.

Vietnam’s security agencies often refuse to let dissidents meet their relatives after an appeal is lodged even though, Clause 1, Article 22 of the Law on Temporary detention and custody (2015) stipulates:

“Those held in temporary detention can meet their relatives one time during temporary detention and one time after every extension of that detention. Those held in temporary custody can meet their relatives once a month. In case of an increase in meetings or if the persons to be met are not relatives, there must be approval from the body handling the case. The time of each meeting is within an hour.”

However, Clause 4, Article 22 of the above law also stipulates:

“The head of the custody facility shall not agree on a meeting with the person held in temporary detention or custody when [authorities are] questioning or interrogating the person… or when they are involved in other procedural activities.”

A lawyer in Hanoi, who did not wish to be named for security reasons, said a person who appeals the original judgment would be considered by the procedural authorities to be a detainee who is participating in other legal activities.

He also said that in most cases, when preparing for first-instance or appellate trials, it is very rare for the defendant to be allowed to see their relatives.

Hung was arrested in early July 2018 on charges of “abusing democratic freedoms to invade or violate the interests of the State, organizations and individuals” under Article 331 of the Criminal Code.

After more than four years in detention and forced treatment in a mental hospital, he was brought to trial on August 30 in a trial without lawyers and relatives.

The family only learned about the trial when Hung’s mother called the investigator involved in his case who told her the outcome of the trial.

The Committee to Protect Journalists (CPJ) issued a statement on Sept. 16 calling on the Vietnamese government “to immediately and unconditionally release blogger Le Anh Hung and stop harassing journalists who were convicted of trumped-up [charges of] conducting anti-state propaganda.

“Blogger Le Anh Hung’s outrageous sentencing shows Vietnam will go to any length to stifle critical reporting of its policies, personalities, and rule,” said CPJ senior Southeast Asia representative Shawn Crispin.

“Hung and all other journalists wrongfully held behind bars in Vietnam must be released.”