Williamson Diamonds procures 85% locally

Petra Diamonds that runs the Mwadui mine, has said they target local suppliers of goods and services in a bid to support local economic development.

The miner, owning 75 per cent stake of Williamson Diamond, in Mwadui, Shinyanga, said it was fully committed to implement its policy of procuring locally whenever it was possible.

“In line with our commitment to support local economic development, our operations aim to use local suppliers for goods and services where possible,” the firm said in its last week released Sustainable Report 2013.

The report shows that in this financial year ending June, the firm spent 34 million US dollars (about 54.4bn/-) for procurement where 85 per cent was procured locally and regionally.

The procured amount in the local market is actually the higher in its operations in three countries—South Africa, Tanzania and Botswana.

In South Africa, the firm, procured goods and services worth 264million US dollars out of which only 48 per cent was purchased locally and regionally, while in Botswana it spent 3.9 million US dollars in procurement where 74 per cent was brought locally.

“Key objectives of the programme are to increase the value and volume of transactions with local SMMEs (Small, Medium and Micro Enterprises),” Petra said in the report.

Also the firm said it want to increase the number of local SMMEs that are suppliers to the mines and provide development and growth support to local SMMEs in general.
Source: Daily News, reported from Dar es Salaam, Tanzania
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