Sasols share price shot up 6.3% yesterday after an annual production report showed mining, and fuel and chemicals production was within guidance, while gas production in Mozambique was higher than expected.
The share price traded at R144.89 after midday yesterday, which although higher on the day was 39.3% below the price it was trading at the year before.
Total mining productivity for the 2024 financial year was 3% higher than the previous year and within market guidance of 975 to 1 100 t/cm/s (tons per continuous miner shift).
Secunda collieries productivity improvement was mainly due to the ongoing full potential programme partly offset by safety incidents, and other operational challenges.
In the fourth quarter, total mining collieries increased by 4% and ended at 1 000 t/cm/s compared to the third quarter. Saleable production for 2024 however declined by 2% due to a reduction in mining sections, and increased discards from the export beneficiation plant.
