South32 Plans Strategic Future at Mozal

South32 plans strategic future at Mozal

Aluminium. Image: fotomowo/stock.adobe.comSouth32 has announced that its Mozal aluminium smelter in Mozambique will enter care and maintenance from around March 2026, after attempts to secure a new electricity supply agreement were unsuccessful. The company said it continued to engage with the Government of the Republic of Mozambique, Hidroeléctrica de Cahora Bassa (HCB) and Eskom to secure sufficient and affordable electricity for Mozal beyond …

Pressure on Eskom as South32’s Mozal edges towards closure

PRESSURE on Eskom, South Africa’s main electricity supplier, to come up with more affordable power tariffs for more of its industrial customers has intensified after South32 said on Tuesday it will be putting its Mozal aluminium smelter in Mozambique on care and maintenance from March. The reason is that no agreement can be reached on a contract to supply it with reliable and affordable power. South32’s announcement occurs hard on the heels of a…