Join month: November 2020
Member class: Production & Transformation
Mozal SA is a primary aluminum smelter and transport infrastructure, just 20 kilometers west of Mozambique’s capital city, Maputo. The land where the smelter is located was originally farming land and through negotiation, the farmers agreed to be relocated with compensation and new dwellings. Construction of Mozal operations started nearly 20 years ago, and included a new berth at the nearby port of Matola, access roads and a bridge. Not long after the smelter opened in late 2000 expansion plans were already underway to double its capacity. Backed by a US$2 billion investment, the smelter was the largest private investment in the country and the first large, direct foreign investment, helping rebuild Mozambique after a period of unrest.South32 owns 47.1 per cent of Mozal Aluminium, while Mitsubishi Corporation Metals Holding GmbH holds 25 per cent, Industrial Development Corporation of South Africa Limited owns 24 per cent and the Government of the Republic of Mozambique holds 3.9 per cent (through preference shares).
Mozal produces approximately 575,000 tons of primary aluminium per annum of which 9% is sold annually to a downstream business, Midal cables international located next to the smelter.