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12/17/2013

NEWS

Vale Announces New Partnership with Global Fund

GBCHealth supporter Vale has announced a new partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria. The Brazilian-based metals and mining company is contributing $3 million over 2013-2015, marking the first time a Latin American company has made a direct contribution to the Global Fund. Vale’s donation will help support malaria programs in Mozambique and Malawi. The company operates a coal mine in Moatize, Mozambique and is developing a port and railroad infrastructure project in the region, which will cross Malawi.

"We strongly welcome Vale's contribution to the Global Fund and commend the organization for taking this important step," said Dr. Mark Dybul, Executive Director of the Global Fund. "The private sector is playing a pivotal role in supporting the fight against the diseases, through monetary contributions or in-kind donations. Vale's donation sets an example for others to follow".

The partnership was announced in Washington, D.C. during an evening reception for the Global Fund’s Fourth Voluntary Replenishment, a pledging conference that takes place every three years to renew support and raise new resources for Global Fund grant programs. Philanthropist Bill Gates was the keynote speaker at the reception, which focused on private sector partnership with the Fund and featured additional announcements from supporters including Product (RED), BHP Billiton, Chevron, Eil Lilly & Company and SAP AG. Over the course of the two-day replenishment events, the Global Fund raised over $12 billion in new pledges to fund programs in 2014-2016.

Read more about Vale’s partnership here.

Read more about the Global Fund’s Fourth Voluntary Replenishment here.

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