South32, a mining and metals company headquartered in Australia, said that it paid US$200 million in cash to acquire an additional 16.6% shareholding and related rights in Mozal Aluminium from MCA Metals holding GmbH, a subsidiary of Mitsubishi.
Therefore, South32 currently holds a total of 63.7% shareholding in Mozal Aluminium, and its share of aluminum production was expected to reach 281,000 tons for the 2022 fiscal year and 370,000 for the 2023 fiscal year.
South32 completes acquisition of 16.6% stake in Mozal Aluminium
2 Jun 2022 15:10 reported by Joy Liu
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