Keyword: "sasol"

Mining News Pro - Debt-laden chemicals and energy group Sasol has announced a $2-billion joint venture (JV) agreement with LyondellBasell for its base chemicals business in Lake Charles, Louisiana, in the US.

Mining News Pro - South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak.

Mining News Pro - Chemicals and energy group Sasol warned of a dramatic collapse in its 2020 financial performance on Tuesday, confirming that losses for the period would represent a deterioration of more than 100% when compared with results reported for the 2019 financial year.

Mining News Pro - Chemicals and energy group Sasol has issued a request for proposals (RFP) for the development of two embedded solar photovoltaic (PV) facilities of 10 MW apiece at its operations in Secunda, in Mpumalanga, and Sasolburg, in the Free State.

Mining News Pro - Sasol has signed a negotiation agreement with industrial gas company Air Liquide for the sale of Sasol South Africa’s 16 air separation units (ASUs), in Secunda.

Mining News Pro - Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden.

Mining News Pro - Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions for its base chemicals assets, in the US.

Mining News Pro - Sasol has accelerated an asset disposal program that could eliminate more than half of the company’s debt.

Mining News Pro - Sasol reports that the Guerbet alcohols unit at its Lake Charles Chemicals project (LCCP), in Louisiana, in the US, achieved beneficial operation on June 19.

Mining News Pro - South Africa`s Sasol plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, adding it had also agreed a deal with lenders to relax borrowing rules.

Mining News Pro - Sasol is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10-billion debt pile, people with knowledge of the matter said.

Mining News Pro - A trio of top companies has partnered to protect frontline medical staff, patients and visitors at four major Gauteng State hospitals.

Mining News Pro - Debt-laden chemicals and energy group Sasol announced on Tuesday that it could pursue a $2-billion rights issue as a “supplemental initiative” in the event that cash-conservation initiatives and asset disposals proved insufficient to reset its capital structure.

Mining News Pro - Poland`s JSW, the European Union`s biggest coking coal producer, said on Thursday it will cooperate with South African petrochemicals group Sasol on a project to launch a synthetic fuel plant in Poland.

Mining News Agency - Sasol Mining has been granted approval by the Competition Tribunal to acquire Anglo American Inyosi Coal’s mining rights over a coal resource in Mpumalanga.

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