South32 Eyes Copper, Zinc Growth as It Shuts Aluminum Smelter

South32 Eyes Copper, Zinc Growth as It Shuts Aluminum Smelter

(Bloomberg) — South32 Ltd. plans to prioritize growth in metals such as copper and zinc over aluminum, where it has decided to shut a major African smelter.

South32 confirms Mozal closure with loss of 4,000 jobs

SOUTH32 confirmed its Mozambique aluminium smelter Mozal will be put on care and maintenance next month amid last minute efforts by local authorities to deliver a price for electricity that would keep the facility operating. Mozambique’s mineral resources and energy minister Estevao Pale told Reuters on Monday his government was doing “everything that is required” to keep the smelter open. Sources told Miningmx, however, Mozal’s fate was sealed.…