South32 delivered a stronger FY26 financial performance , with underlying revenue rising 7 per cent to USD 8.11 billion, reinforced by higher commodity prices and stronger operating performance. Within its aluminium portfolio, Brazil Aluminium and Hillside Aluminium recorded significant earnings...
South32 has recognised exceptional costs of USD 117 million after the closure of its Mozal aluminium smelter in Mozambique , as an unresolved power deal impasse with the Mozambican government keeps operations stalled. The Mozal smelter, one of Africa’s largest aluminium producers with a...
Grow with
AL Circle
Anglo-Australian group BHP Billiton this week launched a project to support small-scale farmers in three districts of Maputo province, in the south of Mozambique, the group said. The initiative, which is funded by “BHP Billiton Sustainable Communities,” a project set up by the mining group to meet...
The Compliance Advisor Ombudsman (CAO) has found “shortcomings” in the International Finance Corporation's (IFC) management of a Mozambique aluminium smelter project between November 2010 and April 2011. In an April audit report, it criticised the IFC’s failure to ensure adequate monitoring by its...
BHP Billiton has become embroiled in a public dispute in South Africa over the price its aluminium smelters pay for electricity, amid fears power shortages will occur this winter as demand rises. South African power utility Eskom has called on customers to cut power usage by 10 per cent. And, amid...
Maputo — One of the world’s largest manufacturers of aluminium cables, Midal of Bahrein, is to set up a factory in Mozambique, using the aluminium ingots produced at the Mozal smelter at Beluluane, in the outskirts of Maputo, as its raw material. On Friday, Mozal Chairperson Danie Murray and Midal...
Mozambique’s balance of trade posted a deficit of USD 687 million in the first half of this year, despite the fact that the country started exporting coal about a year ago, and that goods imports have fallen by 2.6%. Reporting this Macauhub News Agency quoted the Mozambican daily newspaper O País...
After a long time, Eskom has responded to public pleading for information on its sweetheart deal with BHP Billiton to supply cheap power to the Hillside and Mozal aluminium smelters. A few days ago, Eskom chief financial officer Paul O’Flaherty treated the nation to a lesson in modern arithmetic...
BHP Billiton may apply for leave to appeal against the judgment handed down by the South Gauteng High Court on last week whereby it and power utility Eskom were ordered to disclose the power pricing agreement for BHP’s Mozal and Hillside aluminum smelters.
While the High Court has ordered Eskom to release the details of its pricing agreement with BHP Billiton's Hillside and Mozal smelters, which consume an estimated 5.7% of the South African utility's total supply, the ruling might be opposed by BHP Billiton. BHP Billiton, which is reportedly...
...Club of Mozambique reported that the Mozal aluminium foundry, which is responsible for a significant amount of Mozambique’s exports, was considered to be the country’s biggest company according to the list of the top 100 companies in Mozambique in 2009 published by consulting company KPMG...
...The management of the MOZAL aluminium smelter at Beluluane, in the outskirts of Maputo, on Friday insisted that its plans to rebuild the smelter's two fume treatment centres (FTCs), although increasing emissions, will not present any significant threat to the environment or to human health...
