Vale Mozambique announced that last year it invested more than 290 million meticais in the acquisition of products and services from national companies.

In a statement, Vale says that the investment, which aims to strengthen the focus on local content, corresponds to 17% of the total sum 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," says the multinational.

At least 52% of the suppliers contracted in 2020 are local companies, according to the source. "Every year, the company holds 'Vale Day', an initiative aimed at suppliers and potential suppliers so that they can visit and learn about the company's facilities, as well as the entire process involving the production of coal," it stressed.

The statement adds that "by knowing the coal production process, suppliers identify the company's main needs and, in this way, are able to prepare more assertive procurement proposals.

Over the last 15 years, Vale has invested more than US$12 billion in its operation in Mozambique, and has guaranteed around 20,000 jobs. Currently, the company employs 13 thousand direct and indirect workers.