Mining company Vale announces new Mozambique country manager

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Mining company Vale announces new Mozambique country manager

2:54 CAT | 21 Sep 2020

File photo: USAID Mozambique

Brazilian mining company Vale Moçambique has announced Sérgio Chitará as its new executive manager for the coal sector in Mozambique.

The first Mozambican in the role, he replaces Márcio Godoy and returns to Vale, where he had previously worked for seven years (between 2009 and 2016), in the implementation of Vale’s coal mining and railway project in Mozambique.

At the time, he held the position of institutional relations manager, later directing the integrated management area.

For the past four years, Chitará has been director of the Speed + project of the United States Agency for International Development [USAID], “whose objective has been the development of reforms aimed at improving the business environment in Mozambique”, the note adds.

Chitará has also worked in the conservation area and the forestry industry. He holds a degree in Forestry Engineering from Eduardo Mondlane University in Mozambique, having completed a Master’s Degree in Forestry Industry at Bangor University in North Wales and an MBA from Bradford University, both in the United Kingdom.

Vale recorded a loss of US$277 million (€234.7 million) at its Moatize, Tete province, coal mine in the second quarter of this year.

Performance between April and June was US$39 million (€33 million) less than in the first quarter and reflects the impact of Covid-19 on one of Mozambique’s main export products and its main Asian customers.

The result in the second quarter was influenced by the fall in the price of coal, in response to lower sales volume, and by fixed maintenance costs.

Source: Lusa