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. The company’s biggest shareholder, Australia-based South32, which holds 47.1% of Mozal, said improved efficiency and…...
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