Mozambique: South32 Recorded Costs of 117 Million Dollars As Result of Mozal Shutdown

Maputo — The Australian mining firm South32 has recorded extraordinary costs of 117 million US dollars as a result of the operational shutdown of its Mozambican affiliate Mozal aluminium smelter, which was the country’s largest industrial facility.

Mozal has been paralyzed since last March due to a dispute between the Mozambican government and the South32. The parts did not reach any agreement regarding electricity prices.

South32 says it cannot continue aluminium production at the current cost…