19 December 2024
South32
Limited
(Incorporated in Australia under the Corporations Act
2001 (Cth))
(ACN 093
732 597)
ASX / LSE
/ JSE Share Code: S32; ADR: SOUHY
ISIN:
AU000000S320
south32.net
MOZAL ALUMINIUM
UPDATE
South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY)
(South32) provides the following
update regarding Mozal Aluminium.
Further to our announcement released
10 December 2024[1], we
continue to respond to the evolving situation in
Mozambique.
The safety and wellbeing of our
people at Mozal Aluminium remains our priority. Our workforce is
safe and there have been no security incidents at Mozal
Aluminium.
Over the past few days, road
blockages have largely cleared and we have been able to safely
transport alumina from port to Mozal Aluminium. We expect to
re-build alumina stocks at the smelter over the coming days if
trucking conditions remain favourable.
While the situation has improved,
any escalation in civil unrest, including following announcement of
the election results by the Mozambique Constitutional Council,
expected on 23 December 2024, has the potential to impact our
critical trucking activity and operations at Mozal
Aluminium.
To preserve raw materials and
maintain operational stability, we have reduced amperage to the
potlines. If trucking of raw materials to the smelter is disrupted
on an ongoing basis, we may need to consider further mitigating
action, including potential curtailment of potlines at Mozal
Aluminium. If this were to occur, the supply of alumina from our
Worsley Alumina refinery would be sold to third party customers at
market prices.
Mozal Aluminium has continued to
export aluminium to customers during this period.
About us
Our purpose is to make a difference
by developing natural resources, improving people's lives now and
for generations to come. We are trusted by our owners and partners
to realise the potential of their resources. We produce
minerals and metals critical to the world's energy transition from
operations across the Americas, Australia and Southern Africa and
we are discovering and responsibly developing our next generation
of mines. We aspire to leave a positive legacy and build
meaningful relationships with our partners and communities to
create brighter futures together.
Further information on South32 can
be found at www.south32.net.
Approved
for release to the market by Graham Kerr, Chief Executive
Officer
JSE Sponsor: The Standard Bank of South Africa Limited
19 December 2024
