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Chemicals

Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world
Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world
17th August 2020 By: Terence Creamer

Embattled chemicals and energy group Sasol aims to officially unveil its new-look strategy, dubbed Future Sasol, later this year. It has already indicated, however, that the plan will seek to... 


Sasol CEO Fleetwood Grobler
Sasol will execute rights issue in 2021 calendar year as it refines ‘ticket size’
17th August 2020 By: Terence Creamer

Debt-laden chemicals and energy group Sasol confirmed on Monday that it was preparing to execute a rights issue during the second half of its 2021 financial year, despite reporting that it was on... 


Sasol swings to R91.3bn annual loss on lower oil prices, writedown
Sasol swings to R91.3bn annual loss on lower oil prices, writedown
17th August 2020 By: Reuters

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. The world's... 


Sasol warns of dramatic earnings collapse as it confirms R112bn impairment
Sasol warns of dramatic earnings collapse as it confirms R112bn impairment
11th August 2020 By: Terence Creamer

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%... 


LINDA MAHLANGU 
The metallurgical sector does not struggle to attract women as much as it struggles to retain them
Forums advancing women representation
7th August 2020 By: Mamaili Mamaila

Specialty chemicals company Clariant – which is focused on sustainability and innovation – strongly believes in diversity and inclusion within the company. 


Sasol's Secunda complex stands in the background with power lines in the foreground
Sasol sets sights on large-scale renewables procurement as it pulls trigger on embedded generation projects
4th August 2020 By: Terence Creamer

Chemicals and energy group Sasol intends issuing, during its current financial year, a request for proposals (RFP) for wind and solar projects with a combined capacity of between 200 MW and 300 MW... 


Air seperation units at Sasol Secunda
Sasol to sell world's biggest oxygen production site to Air Liquide
29th July 2020 By: Marleny Arnoldi

JSE-listed petrochemicals company 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.... 


Partnership formed to distribute hand sanitisers to vulnerable communities
23rd July 2020 By: Donna Slater

Precious metals miner Sibanye-Stillwater, gold miner AngloGold Ashanti, energy and chemicals company Sasol and logistics company Imperial Logistics have formed a strategic partnership to distribute... 


Menar MD and cofounder Vuslat Bayoğlu
Menar’s R250m cash-funded solar-served East Manganese project is under way
23rd July 2020 By: Martin Creamer

Initial project activities are under way at the R250-million cash-funded East Manganese project in Hotazel, Northern Cape, where the hot sun will be harvested to provide solar power to the mine’s... 


Sasol expects delay in last unit in US project to come onstream
23rd July 2020 By: Reuters

Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance. Even before a fire earlier... 


Nevada Zinc inks collaboration agreement with partner in US agriculture industry
13th July 2020 By: Simone Liedtke

TSX-V-listed Nevada Zinc has entered into a collaboration agreement with US granular micronutrients producer and distributor Cameron Chemicals. Granular micronutrients are used for the... 


Omnia more than halves debt as stabilisation plan is concluded
7th July 2020 By: Donna Slater

JSE-listed diversified chemicals group Omnia Holdings reports that it achieved solid results for the financial year ended March 31, noting that this reflected the finalisation of the group’s... 


Air Products and thyssenkrupp sign green hydrogen agreement
6th July 2020 By: Schalk Burger

NYSE-listed industrial gases multinational Air Products and industrial technology multinational thyssenkrupp on July 5 announced that they had signed an exclusive strategic cooperation agreement to... 


Sasol gives up licence to seek offshore gas in Mozambique
5th July 2020 By: Reuters

South African petrochemicals giant Sasol has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday. "Sasol will return Block 16/19 in its entirety to... 


Sasol CFO Paul Victor
Sasol narrows immediate asset-disposal focus to ‘top ten’ list
3rd July 2020 By: Terence Creamer

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... 


Sasol’s asset sale programme advances with bids due for pipeline
29th June 2020 By: Bloomberg

Sasol expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt, according to people... 


Sasol’s Guerbet unit at Lake Charles achieves beneficial operation
23rd June 2020 By: Tasneem Bulbulia

JSE-listed 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. This is Sasol’s second... 


Omnia expects to swing to full-year earnings
22nd June 2020 By: Donna Slater

Chemicals manufacturer Omnia expects to report earnings a share of between 65c and 130c for the financial year ended March 31. This represents an improvement of 111% to 121% on the loss a share of... 


Piedmont's North Carolina plans unveiled
26th May 2020 By: Esmarie Iannucci

Studies by ASX-listed Piedmont Lithium has delivered a viable alternative source for lithium hydroxide based out of the US. Piedmont on Tuesday revealed that a prefeasibility study (PFS) into a... 


President Cyril Ramaphosa
Full reopening of mining from June 1 – President Ramaphosa
24th May 2020 By: Martin Creamer

Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus... 


Sasol to mull adding pipeline, Qatar plant to disposal plan
15th May 2020 By: Bloomberg

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,... 


OPTIMISTIC OUTLOOK?
The Chamber of Mines production forecast is significantly below last year's total production
Chamber paints bleak future
15th May 2020 By: Tracy Hancock

There remains no incentive for further investment in copper-rich Zambia’s mining industry, says the association for mining and allied companies Zambia Chamber of Mines (ZCM). In January, Mines and... 


The PetroSA refinery in Mossel Bay
CEF denies nine ‘requests’ for support amount to a bailout
12th May 2020 By: Terence Creamer

South Africa’s State-owned Central Energy Fund (CEF) has outlined an extensive list of support measures – including access to a portion of the fuel levy and carbon-tax proceeds – which it argued on... 


TESTING 1, 2
Lab-scale tests are constructed and the chemical recipe is adjusted
Water cleaning system modified for SA’s AMD
8th May 2020 By: Theresa Bhowan-Rajah

Following its attendance at the Investing in African Mining Indaba in February and, having previously conducted research on the country’s acid mine drainage (AMD) problem, Finland-based company... 


Minerals Council South Africa building in central Johannesburg.
Judgment reserved at Mining Charter review hearing
7th May 2020 By: Martin Creamer

A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and  Van Der Schyff reserved... 


Ontario refinery aims to disrupt existing cobalt supply chain
Ontario refinery aims to disrupt existing cobalt supply chain
5th May 2020 By: Mariaan Webb

TSX-V-listed First Cobalt has announced positive feasibility study results for its cobalt refinery expansion project, in Canada, marking a key milestone in its efforts to disrupt the existing... 


Sasol cuts output as Covid-19 eats into fuels and chemicals demand
Sasol cuts output as Covid-19 eats into fuels and chemicals demand
23rd April 2020 By: Terence Creamer

Embattled chemicals and energy group Sasol reports that South Africa’s lockdown is having a significant impact on fuel demand, as well as demand for chemicals used in the mining and construction... 


Kent Masters
Masters takes top job at Albemarle
21st April 2020 By: Donna Slater

Following the retirement of specialty chemicals company Albemarle’s chairperson, president and CEO Luke Kissam, who had to leave owing to health reasons, the company on Monday appointed, with... 


Tharisa CEO Phoevos Pouroulis
Govt permits Tharisa to continue to operate with fewer personnel
9th April 2020 By: Martin Creamer

Chrome and platinum group metals (PGM) mining company Tharisa has received government permission to continue operating with a reduced number of personnel during the Covid-19 lockdown. Revealing... 


Transnet scales back to only essential services, operations
27th March 2020 By: Simone Liedtke

In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation... 


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