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South32 takes US$372M hit, starts to wind down Mozal

Aluminium write-down adds to earlier $130M nickel impairment

Haydn Black
Mozal was state of the art when built in 2000

Mozal was state of the art when built in 2000 | Credits: S32

South32 has announced it will impair its accounts by a further US$502 million (A$765 million) this year, flagging a $372 million write-down for its share of the Mozal aluminium smelter in Mozambique. ...

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