As part of its strategy to strengthen its position in the global mining industry, Vale plans to invest US$ 7.7 billion in Africa in the coming years. This amount corresponds to the company’s budget for projects already approved for the continent. Vale is present so far in nine African countries: Guinea, Liberia, Gabon, the Democratic Republic of Congo, Angola, Zambia, Malawi, Mozambique and South Africa.
Employing local workers and stimulating the development of African suppliers reinforce the benefits of the company’s presence on the continent.
In Mozambique, for example, where Vale has been producing coal since August 2011 at the Moatize Mine, 90% of workers, including employees and contractors, are Mozambicans. The operation has boosted the local economy in sectors such as commerce and construction.
Watch the video below to see the sustainable development model that Vale is taking to Africa:
Considered one of the last global frontiers in mineral exploration, Africa is attracting large-scale international investment. In December 2011, Vale signed a contract with the government of Malawi to build a railroad corridor to transport the coal it is producing in Mozambique.