Curtin University, Draslovka partner to advance glycine leaching technology
Non-toxic amino acid has the potential to replace hazardous chemicals like cyanide in mineral extraction processes, Curtin professor says.
Australian diversified miner South32 Ltd said on Thursday it exercised its right to buy an additional 25% stake in Mozambique-based Mozal Aluminium, a move that will increase its annual aluminium output by 15%.
South32 bought the additional stake in the aluminium smelter for $250 million from Mitsubishi Corp Metals Holding, raising its holding in the smelter to just over 72%.
Mozal Aluminium also counts South Africa’s Industrial Development Corp and the Mozambique government as its shareholders.
“The smelter benefits from access to hydroelectric power and key export markets into Europe,” South32 Chief Executive Officer Graham Kerr said, adding the company made the stake acquisition in cash.
(By Sameer Manekar; Editing by Shinjini Ganguli)
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