Subscriptions Central AfricaEast AfricaHorn of AfricaIndian OceanNorth AfricaSouthern AfricaWest AfricaAfrica / World Agriculture - NutritionCulture - ArtsEconomy - DevelopmentEnvironment - NatureGay - LesbianGender - WomenHealthHuman rightsLabourMediaPoliticsScience - EducationSocietyTechnologyTravel - Leisure From Behind By Country By Topic Chronological Press Releases Partner Media Contact Us
dev018 Mozal aluminum smelter in Mozambique inaugurated today
 


Industry
Mozal aluminum smelter in Mozambique inaugurated today

Related items

News articles
» 19.01.2003 - Development of Mozambican gas fields financed 
» 12.10.2000 - Southern African former Liberation Movements meet 
» 21.09.2000 - Mozal aluminum smelter in Mozambique inaugurated today 
» 15.08.2000 - Regional electricity agreement to be signed in Maputo 
» 18.07.2000 - Only fossil fuel-intensive energies financed in developing countries 

Background
» Mozambique: growth with poverty 

Pages
News, Africa 
South Africa Index 
Afrol Mozambique 

Mozambique Index 

Swaziland Index 
Economy & Development News 

In Internet
South African Government 
Mozambique Government 
Swaziland Government  

afrol.com, 21 September  - President Joachim Chissano of Mozambique and South African President Thabo Mbeki today attended the inauguration of the Mozal Smelter in Maputo. The US$ 1.3 billion smelter springs out of Southern African regional co-operation, and is one of the most modern facilities of its kind in the world.

The MOZAL project is the construction and commissioning of a 250 000 ton per annum primary aluminium smelter in Mozambique, one of the most modern facilities of its kind in the world. It is situated at Beluluane in the Boane district, some 17 kilometres from central Maputo. Budgeted at over US$ 1.3 billion, it is the largest single foreign direct investment project in Mozambique. 

The project is owned by an international consortium led by London-based Billiton (47%) and includes South Africa's Industrial Development Corporation (24%), Mitsubishi of Japan (25%) and the government of Mozambique (4%). 

The MOZAL project mirrors the successful completion of the Hillside smelter in Richards Bay. Together with Hillside and the neighbouring Bayside smelter, Mozal will raise Southern African aluminium production to around 5% of total world supply and generate earnings of US$ 1.3 Billion a year. 

The production of aluminium relies heavily on electricity. MOTRACO - a consortium of publicly owned electricity companies of Mozambique, South Africa and Swaziland (EDM, ESKOM and SEB) - was formed in May 1999 to meet this primary requirement and the first power reached the smelter in April 2000. 

Two transmission lines linked to the South African power grid - one direct, and one via Swaziland- feed into the transformers at the MOTRACO Beluluane substation, providing MOZAL with the 450 megawatts of power it requires. 

The first aluminium was produced on June 18 2000 just 25 months after the start of the project and six months ahead of schedule. It is believed to be a world record for a Greenfield smelter of this size. Furthermore, the indicative cost to completion is expected to be below budget. The first aluminium export took place on August 7, with 16 000 of aluminium transported to a London Metals Exchange warehouse. 

Southern African regional co-operation is getting the centrepiece of the region's foreign economic policy. The key element of this policy is to strengthen trade, investment and industrial linkages between South Africa and its neighbouring states. The MOZAL smelter is a practical illustration of this foreign policy and its public private partnership will become a catalyst to economic development in the region. 

Source: S.A. Precidency


© afrol.com. Texts and graphics may be reproduced freely, under the condition that their origin is clearly referred to, see Conditions.

   You can contact us at mail@afrol.com