S.Africa's Sasol cuts coal output forecast for Secunda plant; shares fall

Sasol

01/12/2022 16:06

** U.S.-listed shares of South African petrochemical firm
Sasol Ltd  SSL.N , SOLJ.J  slip 8.7% to $16 
    ** Co says it expects challenges at its Secunda plant,
impacting its coal and fuel production  urn:newsml:reuters.com:*:nL1N32R0Y8
    ** Sasol says the challenges are related to coal quality,
safety stoppages and flooding at Secunda
    ** Co lowers its Secunda coal production forecast for the
full-year to June 2023 to 6.6-6.9 mln tonnes, from its previous
estimate of 7-7.2 million tonnes
    ** SSL also sees liquid fuels sales volumes at 52-55 mln
barrels, down from initial forecast of 53-56 mln barrels
    ** Including the session's losses, stock is down 2.5% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))