South32 Seeks Nuclear Power Deal With Eskom

South32 Seeks Nuclear Power Deal With Eskom

Australian metals miner South32 is reportedly in talks with power provider Eskom to purchase nuclear power to run its Hillside Aluminium plant, which they say may no longer be competitive without access to more affordable power. South32 is seeking to buy about...


South32 Increases Its Share In Mozal Aluminium To 63.7 Percent

Australian metals miner South32 announced this week that it has purchased an additional 16.6 percent of Mozal Aluminium from MCA Metals Holding GmbH for about US$200 million. Per the firm, South32’s ownership of Mozal Aluminium now totals 63.7 percent, giving it an equity share of production of 281 thousand metric tons for the current fiscal […]

South32 Negotiates US$1.4-Billion Sustainability Linked Revolving Credit Facility

Australian metals miner South32 announced this week the successful refinancing of a US$1.4 billion sustainability-linked revolving credit facility. The new, five-year loan is among the mining industry’s first sustainability-linked credit facility. The facility, which includes an option to extend by two more years, includes benchmarks for reducing emissions and improving efficient use of electricity and […]

South32 Boosts Stake In Mozal Aluminium By 15 Percent

Australian metals miner South32 increased its share in Mozambique’s Mozal Aluminium earlier this week, increasing its stake in the aluminium smelter to slightly over 72 percent. South32 bought the additional 15 percent share from Mitsubishi subsidiary MCA Metals Holding for US$250 million. Remaining shareholders are the Industrial Development Corporation of South Africa, which holds 24 […]

Alcoa To Restart Alumar Aluminium Refinery In Brazil After Six Year Shutdown

Pittsburgh aluminium pioneer Alcoa Corporation announced this week the reopening of its Alumar aluminium smelter in São Luís, Brazil. The operation has been shuttered since 2015. Alcoa says it is immediately restarting the facility, with the expectation that first metal will emanate from the plant in the middle of next year. The entire nameplate capacity […]