Vale Mozambique has announced that it invested last year more than 290 million meticals in the acquisition of products and services from domestic companies.
In a statement, Vale said the investment, whose aim is to strengthen its focus on local content, corresponds to 17% of the total amount directed to the mining company’s expenses.
“Based on its commitment to local content, Vale enables greater inclusion in the value chain of companies established in Mozambique, promoting sustainable development that benefits the local economy,” the multinational said.
At least 52% of the suppliers contracted in 2020 are local companies, according to the source. “Every year, the company holds the ‘Vale Day’, an initiative aimed at suppliers and potential suppliers so that they can visit and get to know the company’s facilities, as well as the entire process that involves the production of coal,” it stresses.
The statement adds that “by learning about the coal production process, suppliers can identify the company’s main needs and thus prepare more assertive procurement proposals.
Over the last 15 years, Vale has invested more than 12 billion dollars in its operation in Mozambique, providing around 20,000 jobs. Currently, the company employs 13 thousand people, directly and indirectly.
