South32 confirms Mozambique aluminium plant wind-down despite profit beat
South32 will mothball its Mozambique aluminium plant next month due to power shortages. The move comes as the miner reports a profit beat and higher dividends.
Insights:
South32 Limited confirmed on February 12, 2026, that it will place the Mozal aluminium plant (Mozal smelter) in Mozambique 
MZ on care and maintenance starting next month. This decision follows a period of drought that has severely reduced the hydroelectric power supply required for the facility's operations. The company stated that the move became necessary after it was unable to secure affordable backup power to maintain production levels.
MZ on care and maintenance starting next month. This decision follows a period of drought that has severely reduced the hydroelectric power supply required for the facility's operations. The company stated that the move became necessary after it was unable to secure affordable backup power to maintain production levels.
