Rio Tinto’s Benga
coal project in
Maputo, Mozambique — 03 September 2012 – Rio Tinto Coal Mozambique “’ a subsidiary of Anglo-Australian mining giant the Rio Tinto Group “’ plans to buy goods and services totalling US$160 million from Mozambican companies, particularly those in Tete province.

Cited by Macauhub News Agency, Rio Tinto Coal Mozambique representative Emelie Bosten, noted that in order to promote greater involvement of Mozambican companies, Rio Tinto had set up a Business Centre last July in the city of Tete.

“With this initiative we intend to improve our relationship with local companies, after last year spending US$120 million on acquiring catering and transport services, with 80% of the contracts being signed with Mozambican companies,” Bosten added, speaking here during the seminar organised by the confederation of Economic associations of Mozambique (CTA).

According to Bosten, acquisitions of over US$100,000 are made based on international public tenders, while those below that level are based on invitations to put forward proposals.

CTA chairman Rogério Manuel explained that the seminar was intended to gather information to take advantage of business opportunities in Mozambique’s mining and oil sectors.

Source: Macauhub News Agency. For more information, click here.