12 °c
London
Thursday, June 8, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mozambique’s Mozal smelter expansion on course, but electricity is needed

FurtherAfrica by FurtherAfrica
February 13, 2017
in Africa, Commodities, Economy, Energy, FDI, Infrastructure, Mozambique, Trade
Reading Time: 2 mins read
3.1k 95
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Diversified mining house BHP Billiton is in talks with Mozambican authorities about the expansion of its Mozal aluminium smelter, with electricity availability seen as the main constraint.

General manager Carlos Mesquita yesterday said a feasibility study on the expansion had been completed and BHP Billiton was in talks with the authorities on how and when to proceed with the $500 million (R3.05 billion) project that would boost aluminium production to 750 000 tons a year from 540 000 tons.

“Mozal is ready to start the third phase. The site is already prepared. The only constraint we have now is power availability,” said Mesquita.

The shortage of additional electric power capacity was a major handicap, he said, adding that Mozal already used four times the country’s national average consumption.

“We are discussing with the Mozambique government the various options and a possible solution for the energy that is required for the extension, but we are confident that we will achieve good results,” he said.

“From the moment the energy is available, the expansion project will start and could come on stream in two to three years.” The existing Mozal smelter requires about 1 000 megawatts of electricity produced in South Africa.

Mozal launched operations in September 2000 producing 250 000 tons of primary aluminium a year. It doubled production with the completion of a phase two expansion project.

Mozal has sparked significant gains for Mozambique, helping economic growth average just under 10 percent in the last five years.

Mozal and petrochemical firm Sasol’s $1.2 billion natural gas plant have been described by the government as “mega projects” and seen by analysts as a boost to one of Africa’s poorest, yet fastest growing, economies.

Mozal is located in Beluluane, about 20km from Maputo. The settlement is growing into an industrial park fuelled by Mozal’s monthly spending of about $11 million on local products and services.

“We have invested $7.1 million to bring the gas pipeline to Mozal so the industrial free zone now has electricity, land, infrastructure and gas,” Mesquita said.

About 1 150 employees, 94 percent of whom are Mozambicans, work for Mozal. BHP Billiton owns 47 percent of the smelter, Japan’s Mitsubishi owns 25 percent, the Industrial Development Corporation has 24 percent and Mozambique 4 percent.

Source: IOL Business Report

Related

Tags: aluminiumBeluluaneBHP BillitonElectricityEnergyMaputoMitsubishiMOZALMozambiqueSasolsmelterモザンビーク莫桑比克
ScanSendShare1264Tweet790Share221Pin284Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Economy

Ethiopia and Brazil keen to strengthen bilateral ties

by FurtherAfrica
June 8, 2023
Venture Capital

Uganda fintech startup Zofi Cash receives US$1M pre-seed

by TechGist Africa
June 8, 2023
Angola Portugal double taxation
Economy

Portugal announces new credit line for Angola

by FurtherAfrica
June 8, 2023
Energy

Eni bets on agri-business in Africa to expand biofuel production

by FurtherAfrica
June 8, 2023
Economy

Zimbabweans drive stocks up 600% in rush to dodge currency crash

by FurtherAfrica
June 8, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Economy

Ethiopia and Brazil keen to strengthen bilateral ties

by FurtherAfrica
June 8, 2023
0

The governments of Ethiopia and Brazil have reaffirmed their commitments to further enhance the longstanding bilateral and diplomatic relations, according...

Read more

Uganda fintech startup Zofi Cash receives US$1M pre-seed

June 8, 2023
Angola Portugal double taxation

Portugal announces new credit line for Angola

June 8, 2023

Eni bets on agri-business in Africa to expand biofuel production

June 8, 2023

Zimbabweans drive stocks up 600% in rush to dodge currency crash

June 8, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,190 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?