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Sasol Updates On Independent Board Review And Release Of 2019 Annual Results
Sasol Says LCCP Ethane Cracker Unit Achieves Beneficial Operation
Sasol Says 2020 LCCP EBITDA Guidance Adjusted From $300-350 Mln To $150-300 Mln
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company's operating business units include Mining and, Exploration and Production International. Its Strategic Business Units are energy, base chemicals, performance chemicals and group functions. The Company's regional operating hubs include Southern Africa Operations and International Operations. The Company operates approximately six coal mines that supply feedstock for its Secunda (Sasol Synfuels) and Sasolburg (Sasolburg Operations) complexes in South Africa. It offers market ready fuels and oils, such as bitumen; industrial heating fuels; naphtha and illuminating paraffin transport fuels; automotive lubricants; industrial lubricants; greases; cleansers and degreasers; automotive fuels, and burner fuels.
50 Katherine Street Sandton, Sandton
Mandla Sizwe Vulindlela Gantsho
Non-Executive Independent Chairman of the Board
Joint President and Chief Executive Officer, Executive Director
Joint President, Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Executive Vice President of Human Resources and corporate affairs
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South African petrochemicals company Sasol's 2019 finical results will be delayed further after additional work was commissioned under a review at its U.S. ethane cracker project, it said on Friiday, sending its share price lower.
South Africa-based chemicals and energy company Sasol will release its postponed financial results no later than Oct. 31, it said on Friday,
South Africa's Sasol said on Wednesday its U.S. ethane cracker plant was now producing enough ethylene for use, bringing it a step closer to completing its Lake Charles Chemicals Project that has been hit by delays and cost hikes.
Sasol said on Monday it had reduced its 2020 core earnings target for its U.S. ethane cracker project and revised the dates for the start-up of some of the company's downstream units following technical issues.
Sasol said on Monday it had reduced its 2020 core earnings target for its U.S. ethane cracker project and revised the dates for the unit's start-up following technical issues.
* Shares fall to more than 10 year low (Adds Sasol comment, updates share price)
South Africa-based chemicals and energy company Sasol Ltd said on Friday it would delay the release of its 2019 financial results due to possible "control weaknesses" at its U.S. ethane cracker project.
South Africa-based chemicals and energy company Sasol Ltd forecast higher annual core earnings on Thursday and said costs for its Lake Charles Chemicals project in the U.S. were in line with its previous estimate.
South Africa-based chemicals and energy company Sasol Ltd opened a new chemical plant in eastern Chinese city of Nanjing, according to a Xinhua report on Friday and a company statement earlier.
South African petrochemicals firm Sasol Ltd said on Monday that a second unit at its U.S. ethane cracker project came online last week.
Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its shares more than 10% lower.
South Africa's Sasol has increased its cost projection by around $1 billion for a chemical plant in the United States following a review by the project's new management.
Sasol on Wednesday began production at the first of seven units at its giant Lake Charles chemical plant in the U.S, boosting shares in the South African petrochemical group.
South African petrochemicals group Sasol said on Friday it will reverse a provision of 1.3 billion rand ($91 million) after a previous unfavourable ruling over a tax dispute with the revenue service was overturned on appeal.
* Union to file protest in U.S.; share price down 1.1 percent (Adds Sasol maintenance shutdowns, similar empowerment schemes)
South Africa's mainly white Solidarity union will begin a strike on Monday at petrochemicals firm Sasol <SOLJ.J> over a share ownership scheme offered exclusively to black staff.
South Africa's mainly white Solidarity union said on Tuesday it had threatened Sasol with a strike over a share ownership scheme offered exclusively for black staff unless its workers were also included or received a similar offer.
South African petrochemicals group Sasol said on Monday full-year profit dropped 6 percent, pulled down by interruptions to production, a stronger rand and employee share-based payment expenses.
South African government mediators on Thursday cleared the Solidarity trade union to strike in a dispute with energy giant Sasol over its plan to launch a share ownership scheme exclusively to black staff.
South Africa's Solidarity trade union can go on strike in a dispute with petrochemicals group Sasol over its plan to provide a share ownership scheme exclusively to black employees, a government mediator has ruled.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.