BRIEF-South32 Expect That Mozal Will Be Placed On Care And Maintenance At End Of Current Agreement

Reuters

3 hours ago

BRIEF-South32 Expect That Mozal Will Be Placed On Care And Maintenance At End Of Current Agreement

Aug 14 (Reuters) - South32 Ltd S32.AX:

MOZAL ALUMINIUM UPDATE
ENGAGEMENTS DO NOT PROVIDE CONFIDENCE THAT MOZAL WILL SECURE SUFFICIENT AND AFFORDABLE ELECTRICITY BEYOND MARCH 2026
MOZAL'S FY26 PRODUCTION IS EXPECTED TO BE APPROXIMATELY 240KT
EXPECT THAT MOZAL WILL BE PLACED ON CARE AND MAINTENANCE AT END OF CURRENT AGREEMENT
MOZAL MAY NOT SECURE SUFFICIENT ELECTRICITY BEYOND MARCH 2026
TO RECOGNIZE US$372M IMPAIRMENT FOR MOZAL IN FY25

Further company coverage: S32.AX

((Reuters.Briefs@thomsonreuters.com;))

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