PERTH - South32 (OTC:SOUHY) Limited (ASX / LSE / JSE: S32; ADR: SOUHY) has announced that it is withdrawing its production guidance for Mozal Aluminium, located in Mozambique, due to the escalating civil unrest affecting the region. The company reported on Tuesday that the transport of raw materials to the facility is being hindered by road blockages, prompting the implementation of contingency plans to minimize operational impacts.
The global mining and metals company emphasized that the safety and wellbeing of its workforce at Mozal Aluminium is of utmost importance. South32 assured that its employees are safe and that there have been no security incidents at the site.
Mozal Aluminium is one of the many operations owned by South32, which is involved in the production of various commodities such as bauxite, alumina, aluminium, and others, across different continents. The company is focused on developing natural resources while aiming for a low-carbon future.
In response to the situation in Mozambique, South32 is working with relevant stakeholders to navigate the challenges presented by the civil unrest. The company has not provided a new production forecast for Mozal Aluminium at this time.
The information regarding this update is based on a press release statement issued by South32. The company, headquartered in Perth, Australia, is listed on the Australian, London, and Johannesburg stock exchanges, with additional American Depositary Receipts trading in the U.S.
Investors and the market will be closely monitoring the situation as it unfolds, considering the potential impact on South32's operations and supply chain. The company has not disclosed further details regarding the specific nature of the civil unrest or its anticipated duration.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.