REG - South32 Limited - Acquisition of Shareholding in Mozal Aluminium

South32Announcement

30/03/2022 09:00

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RNS Number : 5684G  South32 Limited  30 March 2022

 South32 Limited

 (Incorporated in Australia under the Corporations Act 2001 (Cth))

 (ACN 093 732 597)

 ASX / LSE / JSE Share Code:  S32; ADR: SOUHY

 ISIN:  AU000000S320

 south32.net

30 March 2022

 

 

 

UPDATE ON ACQUISITION OF ADDITIONAL SHAREHOLDING IN MOZAL ALUMINIUM

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises there has
been a delay to the expected closing date of our acquisition of an additional
shareholding and related rights in Mozal Aluminium from MCA Metals Holding
GmbH (Mitsubishi) 1 . Should the remaining conditions, including approval from
the Competition Regulatory Authority in Mozambique be satisfied, the
acquisition is now expected to complete in mid CY22 (previously March 2022
quarter). The transaction consideration includes joint profit sharing on our
increased shareholding with Mitsubishi for the period 1 July 2021 until
completion of the transaction.

About us

South32 is a globally diversified mining and metals company. Our purpose is to
make a difference by developing natural resources, improving people's lives
now and for generations to come. We are trusted by our owners and partners to
realise the potential of their resources. We produce commodities including
bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical
coal and manganese from our operations in Australia, Southern Africa and South
America. With a focus on growing our base metals exposure, we also have two
development options in North America and several partnerships with junior
explorers around the world.

 Investor Relations
 Alex Volante                                      Tom Gallop

T         +61 8 9324 9029
T         +61 8 9324 9030

M        +61 403 328 408
M        +61 439 353 948

E         Alex.Volante@south32.net
E         Tom.Gallop@south32.net
 Media Relations
 Miles Godfrey                                     Jenny White

T         +61 8 9324 9000
T         +44 20 7798 1773

M        +61 415 325 906
M        +44 7900 046 758

E         Miles.Godfrey@south32.net
E         Jenny.White@south32.net

Further information on South32 can be found at www.south32.net
(http://www.south32.net) .

 

Approved for release by Graham Kerr, Chief Executive Officer

JSE Sponsor:  The Standard Bank of South Africa Limited

30 March 2022

 

 1  Refer to market release "South32 to acquire up to an additional 25% of
Mozal Aluminium" dated 30 September 2021.

 

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