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Sasol - SSL STOCK NEWS

Welcome to our dedicated page for Sasol news (Ticker: SSL), a resource for investors and traders seeking the latest updates and insights on Sasol stock.

Sasol Limited (SSL) is a global leader in integrated energy and chemical solutions, leveraging vertical integration from resource extraction to product commercialization. This page serves as the definitive source for Sasol-related news, offering investors and stakeholders timely updates on operational developments and strategic initiatives.

Access curated press releases, earnings reports, and announcements covering Sasol’s core operations in liquid fuels, performance chemicals, and low-carbon technologies. Our repository ensures you stay informed about regulatory compliance milestones, technological innovations, and market expansions without needing to track multiple sources.

Key updates include:
• Financial performance (quarterly/annual results)
• Strategic partnerships and joint ventures
• Environmental initiatives and emissions management progress
• Operational updates from South African and international facilities

Bookmark this page for streamlined access to verified SSL developments. For comprehensive analysis, combine these updates with Stock Titan’s financial tools and market data resources.

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Sasol to appeal decision on alternative emission load basis for sulphur dioxide emissions from Secunda Operations' steam plants.
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Sandstorm Gold Ltd. has completed the sale of its 1.66% net profits interest on the Antamina copper mine in Peru to Horizon Copper Corp. in exchange for $20 million in cash, a 1.66% life-of-mine silver stream, a convertible note worth $149.1 million, and common shares of Horizon. Horizon Copper now holds interests in three copper projects. Rio Tinto Group has begun underground production at the Oyu Tolgoi copper mine in Mongolia. Lundin Mining Corporation has acquired a 51% interest in the Caserones copper-molybdenum mine in Chile for $950 million. Barrick Gold Corporation has reported maiden reserves for the Robertson deposit at the Cortez Complex in Nevada. Lundin Gold Inc. has added 1.58 million ounces to the Fruta del Norte gold mine in Ecuador. Lundin Mining Corporation has reported mineral resource and reserve estimates for the Chapada project in Brazil.
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Sasol has released its production and sales performance metrics for the nine months ending March 31, 2023, available on their official website. The report includes key financial figures and forecasts, reflecting the company's adaptation to market dynamics amid ongoing challenges from the COVID-19 pandemic. The metrics reveal operational adjustments aimed at improving results amidst fluctuating commodity prices and increasing costs. Stakeholders can access detailed information under the Investor Centre section of the Sasol website.

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Sasol has successfully refinanced its banking facilities, securing a new total of USD2.969 billion. This consists of a USD1.987 billion revolving credit facility and a USD982 million term loan, both maturing in five years with two optional one-year extensions. The facility size was increased from an initial target of USD2.5 billion due to oversubscription.

The refinancing involved a syndication with 14 banks, demonstrating strong market demand. Bank of America Europe DAC, Mizuho Bank, and MUFG Bank acted as Joint Global Coordinators, with EY serving as the independent financial advisor for Sasol. This strategic move strengthens Sasol’s capital structure ahead of the current banking facilities maturing in 2024.

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Sasol Limited reported mixed results for the six months ended December 31, 2022, with EBIT of R24.2 billion, consistent with prior period performance. The results were supported by high pricing despite lower volumes and rising input costs, influenced by global economic challenges and depressed chemical prices. Key metrics include adjusted EBITDA of R31.995 billion and headline earnings of R19.389 billion. An interim dividend of 700 cents per share was declared. Remeasurement impacts included impairments totaling R9.9 billion across multiple cash-generating units. The company continues to prioritize safety and operational stability.

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Sasol reported mixed results for the first half of 2023, with EBIT of R24.2 billion, consistent with the previous period, buoyed by strong pricing despite lower volumes and input cost pressures. Positive performance was noted in chemicals due to R5.1 billion gains from financial instruments, but losses from impairments totaling R9.9 billion were also reported. Headline earnings surged over 100% to R19.39 billion, with basic earnings per share at R23.23. The interim dividend was declared at R7.00 per share. Factors like economic slowdown and supply chain disruptions impacted overall performance and resulted in lower volumes. The company's net asset value increased by 4.6% compared to the previous year.

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Sasol

NYSE:SSL

SSL Rankings

SSL Stock Data

2.26B
636.32M
2.5%
0.95%
Specialty Chemicals
Basic Materials
Link
South Africa
Johannesburg