Patchy performance at Mozambique’s megaprojects in the first quarter of 2018 could hit the country’s GDP growth this year, the government has warned - but strong commodity prices should keep export receipts healthy.
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Mozal aluminium smelter hit new production records over the 12 months to the end of June 2017, producing 271 thousand tonnes (kt) of aluminium, a 5kt or 2% increase on the previous year. The plant “continued to [...]
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Mozal, the aluminium smelter located near the Mozambican capital, Maputo, returned to profit in the second half of 2016 after making a $12 million loss in H2 2015, and just breaking even in the 12 months to 30 June 2016.
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Mozal, the aluminium smelting business at Beleluane, Maputo, saw its profits almost quadruple last year to hit $238 million according to data released by its majority owner, Australia-based South32. South32, which [...]
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