Sasol’s cyanide business sale blocked

The Competition Tribunal has blocked the proposed sale of Sasol's sodium cyanide business to the Czech Republic's Draslovka Holdings.

Sasol is the primary supplier of sodium cyanide in liquid form to South Africa's gold mining industry. Sodium cyanide is a chemical compound commonly used in the extraction of precious metals like gold and silver. It is an important input for the gold mining firms operating in South Africa and there are no practical alternatives for it. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.

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Competition Tribunal rejects Sasol’s sodium cyanide business saleSays the deal with Czech Republic-based firm would likely place South African gold miners at a disadvantage.
Fuente: Moneyweb - 🏆 5. / 77 Leer más »