Australia's South32 confirms Mozambique plant wind-down after profit beat

Australian diversified miner South32 reaffirmed it would put its Mozambique aluminium plant on care and maintenance next month after a drought hit power supply, as it posted a higher first-half profit that beat analysts' estimates on Thursday. The announcement came days after Mozambique's Energy Minister Estevao Pale said "the government is doing everything that is required to make sure that the (Mozal) plant doesn't go into maintenance."