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Sasol - update on Secunda's performance
Shareholders are referred to Sasol’s announcement published on the Stock Exchange News Service on 21 October 2021 relating to the production and sales performance metrics for the three months ended 30 September 2021.
In the announcement referred to above, the forecast production volumes for Secunda Operations (SO) for financial year 2022 were revised from 7.4 to 7.5 million tons to 7.3 to 7.4 million tons. This reduction was largely due to unforeseen delays during the September shutdown, interruption of power supply from Eskom, poor coal quality and other operational instabilities.
In that announcement, Sasol set out the challenges experienced with the ramp-up of the mining integrated shift system (Fulco), operational stoppages due to safety incidents, poor coal quality and lower production volumes. The annualised production run-rate communicated was based on the performance from July to September 2021, Sasol's coal stockpile level as well as planned mining operational improvements which translated to forecast 1 100 - 1 200 tons per continuous miner per shift (t/cm/s) mining productivity.
A further update on the company's production and sales volume outlook will be provided when Sasol publishes its quarterly business performance metrics in January 2022.
The President and CEO and CFO will host a conference call on Tuesday, 14 December 2021 via webcast at 14:00 (SA time) to answer questions related to this announcement.
Live conference call link: www.corpcam.com/Sasol14122021
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Sasol - retirement of directors
Mr Z M Mkhize and Mr P J Robertson retired as non-executive directors of Sasol at the end of the annual general meeting held on 19 November 2021.
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Sasol Ltd. - Dealings in Securities of Sasol by a
Sasol Ltd. - Dealings in Securities of Sasol by a Director of its Major Subsidiaries
SENS Announcement Classification:
1. Dealings
2. by Director of Subsidiary
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