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) generates a steady flow of news related to its energy and chemicals operations, financial performance, governance and climate strategy. The company regularly publishes production and sales metrics, trading statements and audited financial results that explain how factors such as oil prices, refining margins, sales volumes and impairments affect earnings, cash flow and net debt. These updates provide insight into the performance of the Southern Africa Energy & Chemicals business and the International Chemicals business.
Corporate governance and shareholder matters are another important source of Sasol news. Notices of the annual general meeting, details of record dates, and the publication of AGM results outline how shareholders vote on financial statements, remuneration policies, climate change strategies and the election of directors and committee members. These announcements show how Sasol’s governance structures, including the Audit Committee and the Safety, Social and Ethics Committee, are refreshed and overseen.
Sasol’s news flow also covers operational and strategic developments. Examples include updates on coal quality improvement projects, operational performance at Secunda Operations, Natref and Sasolburg, and decisions to mothball or close certain chemical plants in the United States and Europe. The company reports on progress against plans to strengthen its foundation business and to grow and transform its portfolio.
In the chemicals segment, Sasol International Chemicals issues news about new product launches and sustainability initiatives, such as the commercialization of a bio‑circular insect oil‑based surfactant for cleaning markets and collaborations on catalysts for sustainable aviation fuel. Renewable energy and decarbonisation steps, including power purchase agreements and virtual power purchase agreements, are also highlighted. Investors and observers who follow Sasol news can track these financial, operational, governance and sustainability developments over time.
Sasol has released its production and sales metrics for the nine months ended March 31, 2021, and outlined a new operating model aimed at addressing the impacts of COVID-19 and fluctuating oil prices. The company anticipates an improvement of at least 20% in headline earnings per share (HEPS) and earnings per share (EPS) for the financial year ending June 30, 2021, compared to the previous year's losses. Detailed metrics and guidance can be found on the Sasol website, with full audited results scheduled for release on August 16, 2021.
Sasol Limited announced the pricing of SEC-registered US$-denominated senior notes through its subsidiary Sasol Financing USA LLC. The offering includes $650 million in senior notes due 2026 at an interest rate of 4.375% and $850 million in senior notes due 2031 at 5.50%. The total orderbook reached $4.6 billion, indicating more than a 3x oversubscription. Proceeds will be used to repay parts of an outstanding revolving credit facility, maintaining leverage neutrality. The offering is set to close on March 18, 2021.
Sasol Limited announced the pricing of US$1.5 billion in SEC-registered senior notes through its subsidiary, Sasol Financing USA LLC. This includes $650 million of senior notes due 2026 at an interest rate of 4.375% and $850 million due 2031 at 5.50%. The offering saw significant interest, with orders exceeding $4.6 billion, indicating strong market confidence. Proceeds will be used to reduce outstanding revolving credit facility balances, ensuring leverage neutrality. The offering is expected to close on March 18, 2021.
Sasol announced impressive financial results for the six months ending December 31, 2020, with earnings skyrocketing over 100% to R15.3 billion, up from R4.5 billion the previous year. The company maintained a robust cash cost and capital expenditure performance despite a 23% drop in the oil price, resulting in a 6% decline in adjusted EBITDA to R18.6 billion. Key metrics included a working capital ratio of 14.9% and basic earnings per share increasing to R23.41. Sasol aims to reduce net debt and is prioritizing the balance sheet while suspending dividends.
Sasol reported strong financial results for the six months ending December 31, 2020, with earnings surging over 100% to R15.3 billion, despite a 23% dip in oil prices. Adjusted EBITDA decreased by only 6% to R18.6 billion, aided by effective cost management. Key metrics include a working capital ratio of 14.9%, profit before interest and tax of R21.7 billion, and basic earnings per share at R23.41. The company successfully reduced its debt by R28 billion and maintained a liquidity headroom of over R53 billion. A final investment decision was made on a US$760 million Mozambique project for gas monetization.
Sandstorm Gold Ltd. announces the acquisition of 5,073,798 common shares and 1,200,000 share purchase warrants of Entrée Resources Ltd., increasing its stake to approximately 21.9% of Entrée's outstanding shares. Prior to this, Sandstorm held 20.4% of Entrée's shares, and the new purchase positions it to own 22.6% if all warrants are exercised. The shares were acquired through a private placement and open market purchases, with prices ranging from C$0.29 to C$0.65 per share. Sandstorm may consider acquiring more Entrée securities based on market conditions.
Sandstorm Gold Ltd. (SAND, SSL) announced its Q4 and FY 2020 results, reporting a record revenue of $29.7 million for Q4 and $93.0 million for the year, up from $24.0 million and $89.4 million in the previous year. Net income rose to $10.5 million in Q4, despite a decrease in attributable gold equivalent ounces sold, totaling 15,795 in Q4 and 52,176 for the year. The company maintained a strong balance sheet with over $110 million in cash. Future projections indicate estimated attributable gold equivalent ounces sold will range between 52,000 and 62,000 for 2021.
Sasol has partnered with GrnCat to recover wax from spent catalysts, achieving a remarkable reduction in waste by 50%. Since 2018, over 6,000 tons of clean wax have been reclaimed, supporting sustainable development goals. This initiative created 30 new jobs, contributing to local economic growth. GrnCat has enhanced its capacity to 400 tons per month, showcasing continuous process optimization. Sasol emphasizes its commitment to SDG12, promoting responsible production and consumption, and underlining the environmental and economic benefits of this collaboration.
Sasol and GrnCat have partnered to recover wax from spent catalysts, promoting responsible production and consumption. Since its 2018 commissioning, over 6,000 tons of clean wax have been reused, reducing waste volumes by up to 50%. This initiative has also created 30 new jobs. GrnCat has optimized its processes, increasing capacity by 60% to 400 tons per month. Sasol prioritizes Sustainable Development Goals, particularly SDG12, to ensure sustainability in their operations. The collaboration exemplifies a commitment to continuous improvement and community support.
Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) will release its fourth quarter and annual results for 2020 on February 11, 2021, after market close. A conference call will follow on February 12, 2021, at 8:30 AM PST for further discussion on the results. Interested participants can join via dial-in or webcast. Sandstorm is a gold royalty company that provides financing to gold mining firms in exchange for a percentage of gold produced. It holds a portfolio of 201 royalties, with 24 mines currently producing.