REG - South32 Limited - Mozal Aluminium Update

South32Announcement

19/12/2024 07:30

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RNS Number : 7363Q  South32 Limited  19 December 2024

 

19 December 2024

 

 

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

 

 

MOZAL ALUMINIUM UPDATE

South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32) provides the
following update regarding Mozal Aluminium.

Further to our announcement released 10 December 2024(( 1  (#_ftn1) )), we
continue to respond to the evolving situation in Mozambique.

The safety and wellbeing of our people at Mozal Aluminium remains our
priority. Our workforce is safe and there have been no security incidents at
Mozal Aluminium.

Over the past few days, road blockages have largely cleared and we have been
able to safely transport alumina from port to Mozal Aluminium. We expect to
re-build alumina stocks at the smelter over the coming days if trucking
conditions remain favourable.

While the situation has improved, any escalation in civil unrest, including
following announcement of the election results by the Mozambique
Constitutional Council, expected on 23 December 2024, has the potential to
impact our critical trucking activity and operations at Mozal Aluminium.

To preserve raw materials and maintain operational stability, we have reduced
amperage to the potlines. If trucking of raw materials to the smelter is
disrupted on an ongoing basis, we may need to consider further mitigating
action, including potential curtailment of potlines at Mozal Aluminium. If
this were to occur, the supply of alumina from our Worsley Alumina refinery
would be sold to third party customers at market prices.

Mozal Aluminium has continued to export aluminium to customers during this
period.

About us

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 minerals
and metals critical to the world's energy transition from operations across
the Americas, Australia and Southern Africa and we are discovering and
responsibly developing our next generation of mines. We aspire to leave a
positive legacy and build meaningful relationships with our partners and
communities to create brighter futures together.

 Investor Relations                                                         Media Relations
 Ben Baker                                                                  Jamie Macdonald

T          +61 8 9324 9363
T          +61 8 9324 9000

M        +61 403 763 086
M        +61 408 925 140

E          Ben.Baker@south32.net (mailto:Ben.Baker@south32.net)
E          Jamie.Macdonald@south32.net
                                                                            (mailto:Jamie.Macdonald@south32.net)

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

Approved for release to the market by Graham Kerr, Chief Executive Officer

JSE Sponsor: The Standard Bank of South Africa Limited
19 December 2024

 1  (#_ftnref1) Refer to market release "Mozal Aluminium Update" dated 10
December 2024.

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