at prices that ensure value for the company, it said in an e-mailed response to questions, while declining to comment directly on a possible mine sale.
“We do not wish to comment at this stage on which assets have been earmarked for divestment, since they form a part of a disciplined and confidential mergers and acquisition process,” it said. “Sasol will update the market as and when appropriate regarding progress on the asset review process.” The mine sale plan comes as Sasol grapples with cost overruns and delays at its giant US chemicals project, Lake Charles. Selling its coal mines may also help Sasol reduce its environmental liabilities at a time when more investors are focusing on how businesses affect climate change.
Hopefully to South Africans - that’s a national resource.
coal is kaput...which begs the question how the ANCParliament corruptly built (half built) Medupi and Kusile knowing this was coming...CyrilRamaphosa ANC thieves and charlatans