Partnerships are not just trade agreements. They are meetings of visions, sharing of dreams and the fusion of talents to transform realities. When two partners come together for a social purpose, they combine much more than their capabilities: they multiply opportunities.
Wheaton Precious Metals' relationship with Vale began in 2013, thanks to a contract to purchase the gold mined as a byproduct of the Salobo copper mine in Pará. However, the principle of delivering value through its production chain naturally led Wheaton to strengthen ties with the Vale Foundation.
Through its Partner Community Investment Program, Wheaton signed, in 2015, the first collaboration agreement with the Vale Foundation. A partnership initially focused on strengthening basic health care in Parauapebas, Pará, but that soon would grow and extend to other themes and territories.
Today, 32 municipalities in Pará and Maranhão enjoy the positive effects of the Vale Foundation's work made possible with the contribution of Wheaton. These are initiatives in the areas of
Health, Education, Income Generation and Combating Extreme Poverty, which have already received more than US$ 11.4 million from 2015 to the end of 2023, which makes the company the main partner of the Vale Foundation.
Beyond the numbers, the partnership demonstrates the power of the impact we are able to generate when social investment is made together. The relationship of trust and mutual understanding about the challenges that must be faced naturally lead us to new initiatives, inspired by the significant results seen in the field, with multi-year programs that help to strengthen a series of public policies.
Thus, we have created an enabling environment for communities to exercise their autonomy and take ownership of the opportunities sown, in addition to enhancing the benefits of investment, motivating the engagement of other companies and transformation agents.
This report is, above all, an invitation to go on this journey together.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Students
benefited from
literacy actions
Students
reintegrated
into school
Teachers and
education
professionals
trained
Schools
benefited from
education
projects
networked territories
literacy trails
literary routes and networks
Professionals
trained
Public units
mobilized
Items donated
Estimated
people
benefited
Health and Social
Protection Cycle
Women united
in a community
collective
Young
entrepreneurs
boosted
Social
businesses
created
People
benefited
during the
pandemic
Women of Maranhão Network
INOVA UP
Mask+Income and Network+Income
Babassu
coconut
breakers
engaged
Families
benefited
People
reached in Marabá
Babassu Coconut Breakers Project
Citizenship
Networks
Socio-
educational
equipments
People
benefited
Health
appointments
in 2Q24
Health
Infrastructure
To invest in education, for the Vale Foundation, is to invest in the integral formation of the human being, in the opportunities for a better and more dignified life. We understand that education is the basis for attitudes and actions for a fair, inclusive, democratic and sustainable society.
The program implemented by the Vale Foundation is aimed at students from public elementary schools and combines efforts to strengthen literacy processes, combat school exclusion and boost public policies. Its projects have been created through collaborative processes that bring together academic and technical experts, besides community members, and take into account the wishes, needs and knowledge of the territories.
The Networked Territories project identifies the main challenges for the development of municipal education and proposes a set of actions to combat school exclusion, based on an in-depth diagnosis of the local reality and the articulation of governmental and non-governmental sectors. In Pará, the initiative has the partnership of Wheaton and two other Vale supplier companies – Komatsu and Keda – and has reintegrated 7,330 students into the school since 2020.
The project seeks to contribute to the full literacy of children from the 1st to the 5th year of Elementary School who study in public schools in Vale's municipalities. The actions include training of educators and technical teams, production and distribution of complementary teaching material and the mobilization of the school community for literacy. Wheaton and the National Bank for Economic and Social Development (BNDES) are investor partners in the initiative in the state of Pará, with more than 270 schools served, 1,200 professionals trained, 36,000 students benefited and 105,000 items delivered.
The project supports the public education networks to define their book promotion policies and integrate reading actions into the school curriculum. In addition to expanding the literary collection and training teachers, it includes actions to improve reading rooms. With Wheaton's investment, Literary Routes and Networks benefited 40 schools in Maranhão, with the structuring of 22 reading rooms, training of 97 education professionals and donation of more than 8,100 items of collection.
Strengthening primary health care and social assistance and promoting health as a transversal policy of the Unified Social Assistance System (SUAS) are two important fronts of the Vale Foundation's action in favor of caring for people.
In partnership with municipal departments and local social organizations, we develop actions based on the principle that health promotion must be a systemic and integral process. To this end, we seek to foster the permanent education of managers and professionals of the Primary Care Units (UBS) and Basic Social Protection Units (CRAS), stimulate the culture of intersectoral action, expand assistance to communities and provide better technical and material conditions for the provision of services.
Wheaton is an investor in the Health and Social Protection Cycle program, together with the Vale Foundation and BNDES, and has supported the initiative since the beginning of its activities in Pará, in 2015. Currently, the partnership covers 8 municipalities in Pará and 24 in Maranhão, which, until May 2024, had more than 11,100 professionals trained and 912 health and social assistance units involved, in addition to having received more than 10,100 items to better provide services to the population. In 2019, the program was chosen by the Pan American Health Organization (PAHO) as the “Best Public Health Experience in Pará”. It is estimated that more than 2 million people have benefited from the actions developed.
The Vale Foundation works with a horizontal view of guaranteeing essential rights to help promote the autonomy of communities. Through intersectoral action strategies and a network of partnerships, we develop projects with the objective of improving social indicators and combating poverty in the territories.
Wheaton's partnership initiatives focus on valuing local vocations, training participants and encouraging innovation and entrepreneurship. The intention is to enhance the impact, benefiting not only the communities directly involved, but also creating a positive cycle of growth, which extends to the territory as a whole.
Since 2018, Wheaton has supported the Women of Maranhão Network project, a collective that currently brings together 104 people, who participate in 16 community-based businesses. Social businesses mostly involve women who sold products through the window of the Carajás Railroad passenger train and lost their main source of income with the modernization of the transport. The Vale Foundation supported the groups in their reinvention in the face of the new scenario and encouraged cooperativism.
Implemented in Pará, the Inova Up project was a result from the merging of initiatives held by the Amazon Entrepreneurship Center with the Agir (Support for Generation and Increase of Income) program. Its purpose was to train young entrepreneurs with a focus on sustainability and guide them to the opening of their companies, monitoring their performance during the first quarter of operation. The program was completed in 2023, after having boosted 18 entrepreneurs and 10 social businesses.
The partnership between the Vale Foundation and Wheaton was able to attract more than 20 companies to take part into the Mask+Income project, which created income-generating opportunities for 3,000 seamstresses and artisans from all over Brazil during the Covid-19 pandemic – a challenge that strengthened us for other external funding. Of the total number of beneficiaries, 1,001 people were directly impacted by actions made possible with Wheaton's support. After the health emergency, the initiative gained continuity with the Network+Income project, which selected 1,200 artisans to deepen their knowledge about entrepreneurship. Mask+Income was the subject of the documentary “Thread of Affection”, sponsored by Wheaton and recognized at the Rio Film Festival, in Brazil, and the Cine del Mar Festival, in Uruguay.
As a third sector corporate foundation, the Vale Foundation understands that the positive impacts it intends to generate are transdisciplinary and will only be effective with the contribution of more transformation agents: companies, reference institutions, governments and civil society.
This understanding led the Vale Foundation, with its long experience in strengthening public policies, to become a strategic partner of Vale in its commitment to helping 500,000 people escape extreme poverty by 2030.
To this end, in 2023, the implementation of the Multidimensional Family Monitoring (AFM) methodology was started, and Wheaton was the first company to join the Vale Foundation to put the initiative into practice in Pará and Maranhão.
Implementing the Multidimensional Family Monitoring methodology with the families of babassu coconut breakers, based on the experience of the Vale Foundation with the Women of Maranhão Network. The initiative focuses on community entrepreneurship with the objective of contributing to the improvement of living conditions and the appreciation of the activities of rural workers who live from babassu extraction, having reached 1,768 people and 510 families by July 2024.
Developed in Marabá (PA), the project takes advantage of the experience of initiatives that already had a connection with the communities and families of the municipality to help guarantee the rights of vulnerable children and adolescents, through the application of the Multidimensional Family Monitoring methodology. The project has reached 5,645 people and 1,366 families by July 2024, and will continue until 2025.
The Knowledge Stations are spaces that offer educational, cultural and sport activities for children and teenagers from 6 to 17 years old, during after-school hours. Its programs are designed with the objective of contributing to the integral development of the students and strengthening the articulation between public entities and civil society, always valuing the characteristics of each region.
The Vale Foundation maintains five Knowledge Stations, three of which received contributions from Wheaton: the Tucumã and Marabá units, in Pará, and the Arari unit, located in Maranhão. Following the matchfunding model, the resources were a counterpart to the investment made by Vale to carry out activities and maintain these socio-educational equipment.
Wheaton's donations made it possible to set up and equip clinics to provide medical and dental care to the families assisted by the Knowledge Stations, which are now accompanied by specialized professionals, such as pediatricians, nutritionists and nursing technicians. The services are of an educational nature and seek to promote primary and secondary prevention of health problems, being available to all age groups. In the second quarter of 2024, over 2,600 health appointments were carried out.
The funds allowed the three Knowledge Stations to install solar panels, which gave them greater autonomy in the supply of electricity, besides contributing to the environment. In Marabá, the Station also underwent works to meet a demand from the community, due to the local climate, with strong sun and daily rains, and received a new covered multi-sports court. The same occurred at the Arari Knowledge Station, which now has a covered court to develop its activities throughout the year. About 5,100 people are served by the three Stations.