The primary sponsor of Mozal II is Billiton plc., with an equity stake of at least 47%. Billiton is a publicly traded international mining and metal group which specialises in the exploration, production, and marketing of alumina and aluminium products. Titanium minerals, steel, ferroalloys, nickel, coal and base metals are also produced. Other shareholders include Mitsubishi Corporation, a Japanese trading company, the Industrial Development Corporation (IDC), a South African developmental financial institution, and the Government of Mozambique.

The estimated project cost is US$992 million, of which US$600 million will be loans. The proposed IFC investment will amount to a US$25 million loan for IFC''s own account.

25.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	25.0
Equity

* These investment figures are indicative

The project site is located 21km west of Mozambique''s capital, Maputo, with an associated port terminal 5km west of the main port of Maputo.

This is an environmental and social review category A project. Issues include air emissions (fluoride and SO2), wastewater and storm water management and discharge schemes, waste management including hazardous waste, and the incremental impacts of increased production on air quality and road traffic, including noise and safety. The sponsor is formulating appropriate management and mitigation actions based on the project''s Phase I experience, which included involuntary resettlement and management of induced impacts. The project provides opportunities for the expansion of existing sponsor-supported community development activities including agricultural improvement, SME promotion, malaria control and HIV-AIDS awareness for the population living in the project area. No involuntary resettlement is associated with this expansion project. Annual environmental monitoring reports (AMRs) will be required which detail project performance against the requirements of these documents, host country regulation and any other requirements incorporated into the investment agreement. The AMR must be completed or verified for completeness and accuracy by an independent consultant acceptable to IFC. A preliminary public consultation and disclosure plan (PCDP) was submitted to the Environment and Social Review Unit for review and approval. The sponsor will give public notification and make the draft EIA report available at a public place readily accessible to project stakeholders as early as possible and no later than 60 days prior to the proposed Board date.
Location of environmental documents In locally affected community
Environmental documents will be available at the IFC/World Bank office, Avenue Kenneth Kaunda 1224, Maputo, at the National Library in Maputo, the library at the National University, and the office of the district administrator of Beluluane (project location).