As part of its policy to invest in environmental preservation and conservation, Vale has signed a contract with the municipal governments of Vitória, Vila Velha, Serra and Cariacica in Espírito Santo, Brazil. The initiative involves allocating R$8.6 million to five Environmental Conservation Units in Greater Vitória.
This payment is one of the conditions for granting an environmental license to build Pelletizing Plant no. 8, which is being built at Tubarão Complex. The funds will be administered by the municipal governments, and will benefit the following areas: Fonte Grande State Park in Vitória; Jacarenema Municipal Park in Vila Velha; Monte Moxuara Municipal Park in Cariacica; and the Bicanga and Mestre Álvaro municipal parks, both in Serra.
Each Conservation Unit will receive around R$2.15 million, to be invested in projects to formally register land ownership and to produce and implement forest management plans. These management plans will involve dividing the conservation areas into zones with specific characteristics, and then proposing development actions.
Initiatives in Espírito Santo
For around ten years, Vale has been helping to conserving the surviving strip of Atlantic Forest at Penha Convent, one of the oldest historic monuments in the state. In addition, last October our company and the municipal government of Serra signed a deal to produce a forest management plan for the Mestre Álvaro area, one of the state’s main historic and geographic icons.