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Mozal Aluminium Smelter

Mozal Aluminium Smelter. Smelter Location. 506,000 tpa primary aluminium smelter constructed in two phases Aluminium Pechiney AP30S technology Approx. US$ 2bn total (historical) funding US$ 1.1bn non-recourse project funding, internationally syndicated

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Mozal Aluminium Smelter

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  1. Mozal Aluminium Smelter

  2. Smelter Location

  3. 506,000 tpa primary aluminium smelter constructed in two phases Aluminium Pechiney AP30S technology Approx. US$ 2bn total (historical) funding US$ 1.1bn non-recourse project funding, internationally syndicated Shareholding BHP Billiton 47%, Mitsubishi 25%, IDC 24%, GOM 4% Project Overview

  4. Milestones 14 May 1998 Phase 1go-ahead 18 June 2000 First metal cast 22 December 2000 Last pot started potline 1 21 June 2001 Phase 2 go-ahead 7 April 2003 First metal potline 2 20 August 2003 Last pot started potline 2 Phase 1: 31 months from go ahead to full commissioning, >US$ 100m under budget Phase 2: 26 months from go ahead to full commissioning, >US$ 195m under budget Two world records ~ in Mozambique

  5. Phase 2 Achievements • Benchmark construction safety record - LTIFR 1.07 • Zero reportable environmental incidents • Construction workforce peaked at 5,033 - 70% Mozambican • Excellent IR climate zero manhours lost in 14 million worked • US$ 92m expended in the Mozambican economy

  6. Achievements – Operations • Highest pot efficiency for AP30 technology • Benchmark anode effect rate of 0.04 per pot per day • “Best-in-class” start up for potline 2 in terms of speed, efficiency quality and safety • Exceptional metal quality

  7. The project fits within the economic transition in Mozambique which started in the early 90’s MOZAL MOZAMBIQUE MARKET FOR ENERGY OPTIMISE CAHORA BASSA Economic Growth MOZAL PROJECT INITIATE A MEGA PROJECT Job Creation LINKAGES & INDUSTRIAL PARK KICKSTART MOZAMBIQUE INDUSTRY COMMUNITY DEVELOPMENT Quality of Life FIGHT POVERTY Why Mozambique ?

  8. Mozal in 2002 = 53% of exports and 28% of imports 2002 real GDP growth 8% (Mozal 2.1%) Net positive impact on balance of payments around $100m at steady state Mozambique export earnings US $220m to US $1bn Economic Impact

  9. Phase 2 project spend of US$92m Expanded operation spending US $3.5m per month on goods and services in local economy 170 active local suppliers, 30 added in last 12 months Specific programs for Small and Medium Enterprise development Phase 2 construction (SMEELP) 28 packages Expanded operation (Mozlink) 12 contracts targeted Local Business Participation

  10. Mozal Community Development Trust established in 2001 Budget of $2m per annum Focus in immediate vicinity of the smelter Projects related to community infrastructure, health, small enterprise development, education, sports and culture Projects screened for sustainability, poverty relief contribution and addressing identified social impacts Partnering approach with NGO’s and agencies Social Contribution • 700 pupils • Grades 6 & 7 • Water & electricity • Sports field • Program extended to 4 more schools • Secondary school being built • Malaria incidence dramatically reduced

  11. MOZAL MOZAMBIQUE MARKET FOR ENERGY OPTIMISE CAHORA BASSA Economic Growth MOZAL PROJECT INITIATE A MEGA PROJECT Job Creation LINKAGES & INDUSTRIAL PARK KICKSTART MOZAMBIQUE INDUSTRY COMMUNITY DEVELOPMENT Quality of Life FIGHT POVERTY Revisiting The Linkages

  12. Together we make a difference ~ Thank you ~ www.mozal.com Conclusion

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