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Based on the current plant performance, Sasol expects to produce 7,7 million tons for the full www.forex brent oil.cm year. At Mining, stabilising operations post the strike in FY17 has been a challenge.
There has been some improvement in production run rates and management will maintain focus on reaching the productivity rates achieved prior to the strike. The recent recovery in global oil and product prices positively impacted our results, however this was offset by operational challenges at our Natref and mining operations, currency effects and poor economic conditions in South Africa.
Stock options or grants recent developments signal a more stable political and investor friendly outlook for the country, in addition www.forex brent oil.cm a more positive global growth outlook with brent oil.cm www.forex demand in markets where we operate.
Our recent safety performance has regrettably been marred by tragic fatalities in our mining operations. We are committed to the safety and www.forex brent oil.cm of our employees, communities and the environment.
The start-up of this world-scale chemicals facility and the implementation of our broad-based black economic empowerment ownership structure, Sasol Www.forex brent oil.cm, are landmark milestones to be delivered this calendar year.
Guided by our clear strategic choices, we will continue to enhance our robust foundation to deliver on our refined value-based growth strategy. This brings the total capital oil.cm cash conserved since January to Oil.cm www.forex brent billion, which exceeds the target of R65 - R75 billion.
It has also delivered sustainable annual cash savings of R3,5 billion. Looking www.forex brent oil.cm, Sasol will maximise value from its existing portfolio of diversified assets through robust asset reviews, continuous improvement and digitalisation initiatives.
www.forex brent oil.cm To this end, oilcm progressive start-up of utilities is ongoing and gaining momentum. Contracts are also in place for all major oil.cm www.forex brent channel partners. Nine wells have been successfully drilled and tested relating to the first phase, while drilling the first of two delineation wells relating to the second phase, is underway.
Sasol anticipates oil production to be between the mid to lower-end of the range presented forexoma rsi the field development plan. The gas wells brenr confirmed that there is sufficient gas to www.forex brent oil.cm initial downstream opportunities. Through high impact skills and social investment programmes, Sasol continually responds to the needs of employees and fenceline communities.
In the past six months, the company disbursed R million globally www.forex brent oil.cm skills and social investment programmes, of which the majority was in Southern Africa.
Sasol has invested more than R20 billion on capital projects over the past 12 years to minimise wwwf.orex environmental footprint.
The company is also diligently www.forex brent oil.cm its air quality improvement roadmaps for its South African operations as a key instrument to sustain compliance and apply for further postponements to oil.cm www.forex brent in implementing our roadmaps by Sasol management is particularly ol.cm by recent developments in South Africa that signal a brnet stable political and investor friendly outlook.
A more conducive business environment will create even greater opportunities for Sasol to be a force for good, where our capital investments have totalled over R20 billion over the past three years.
The current economic climate continues to remain highly volatile and uncertain. Last day for trading to qualify for and participate in the final dividend cum dividend 13 March Add to Your Watchlists Www.forex brent oil.cm watchlist.
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