Mozambique: Mozal left out as South32 approves US$5.6bn sale of its global aluminium assets

Shareholders of Australia’s South32 have approved the sale of the company’s aluminium value chain assets to US-based Alcoa Corporation for up to US$5.6 billion (€4.8 billion), excluding Mozambique’s Mozal smelter, which has been under care and maintenance since March. According to the company’s latest quarterly…