Mozal confirmed on Monday that it had stopped producing and exporting aluminum ingots after negotiations over electricity tariffs failed to reach an agreement ... Mozal requires about 960 megawatts of electricity to operate at full capacity.
MozalAluminium (Mozal), one of the biggest industrial groups in Mozambique, has been put on care and maintenance due to high electricity costs, after running continuously for the past 25 years.
South 32 generated strong first half earnings growth after higher metals prices boosted a stable operating performance, while MozalAluminium in Mozambique is being put into care and maintenance.
The NationalTransmissionCompanySouth Africa says it remains committed to concluding a new electricity supply agreement with the Mozambican smelter, but only in a manner that safeguards its financial stability and protects electricity consumers ...
Eskom could yet step in to save South32’s MozalAluminium smelter in Mozambique from being mothballed, after the JSE-listed miner failed to secure a new power supply agreement with the country’s electricity provider.