Sasol benefits from higher oil prices, weaker rand
Integrated energy and chemical company Sasol said on Thursday it had benefited from higher Brent crude oil and product prices as well as a weaker average rand exchange rate against major currencies during the quarter ended September.
Sasol said it had seen higher productivity across most of our operations with an increased focus on safety, margins and cost control.
The company’s mining operations were building momentum with increased productivity over the quarter and had fully restored stock piles to above target levels.
“External purchases have been significantly reduced and current indications are that mining will achieve the targeted production levels of 40 million tons for the full year,” said Sasol.
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