Africa’s second-biggest aluminum smelter may close in March after operator
The Mozal plant, located outside Mozambique’s capital Maputo, will no longer be viable under a proposed new tariff set to replace the existing one early next year, the company said in a letter to affected parties seen by Bloomberg and verified by the company.
“As it stands, negotiations are deadlocked,” Rob Jackson, vice president of supply at South32, said in the letter. “Given the impasse, the most likely scenario is ...