South32 exceeds aluminium targets, boosts outlook with strong FY25 performance
South32, a leading global mining and metals company, has announced that two of its aluminium operations exceeded production targets in FY25. Notably, Brazil Aluminium and Mozal Aluminium, two of the company's key smelters, have surpassed their targets by 6 per cent and 1 per cent, respectively, reflecting strong operational performance and continued efficiency improvements. What's the secret behind this rapid growth in aluminium production?
Image source: south32.net
Following the restart of operations, the Brazil Aluminium smelter recorded a 30 per cent increase in saleable production in Q2 FY25, reflecting a substantial ramp-up. Similarly, Mozal Aluminium achieved a 13% rise in saleable output during the same period, despite challenges posed by civil unrest in Mozambique and ongoing uncertainties regarding future power supply.
Graham Kerr, the CEO of South32, stated, "We delivered another strong quarter of operating performance, exceeding the Group's FY25 production guidance, driven by annual production growth of 20 per cent in copper and 6 per cent in aluminium. With operating momentum, an upgraded portfolio and a strong balance sheet, we are well positioned to deliver growth and returns."
Overall, aluminium production increased by 6 per cent quarter-on-quarter. Alumina output remained consistent with the FY25 production guidance. Additionally, Worsley Alumina, South32's integrated bauxite mining and alumina refining joint venture in Western Australia, initiated mining in new bauxite areas as part of the Worsley Mine Development project, supporting sustained production through FY36.
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