FINANCING THE MOZAL PROJECT CASE STUDY SOLUTION: I. BACKGROUND INFORMATION: The Mozal Project, is a $1.4 B aluminum smelter production plant to be set up in Mozambique, is a joint venure of Alusaf, a subsidiary of a South African natural resource company, and International Development Corporation (IDC), a government-owned South African development bank, who are the equity investors in the project and will each provide $ 125 M worth of equity for the project. Mozambique, a poor emerging market