Is Mozal smelter at risk? South32 flags impairment over power supply

South32, the global mining and metals giant has flagged a potential impairment about the future of its Mozal Aluminium smelter, in its FY25 financial results due to deepening uncertainty over the smelter’s long-term electricity supply.
The mining and metals major stated that ongoing contract negotiations and worsening drought conditions have thrown the future of the smelter into question.
The financial hit though not yet quantified could mark a critical turning point for one of Mozambique’s largest industrial operations.
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