Durban – Sasol has reported a 11.74 percent decline in production volumes to 26.3 million tons for nine months to end March, down from 29.8 million tons reported in 2016.
The group said the decrease in production volumes up to third quarter of financial year 2017 is primarily due to the impact of labour actions at its Secunda mining operations in the first half of the financial year.
“We are continuing to focus our efforts on restoring coal stockpile levels through our own production, increased external purchases and improving labour productivity to ensure continuous supply to Secunda Synfuels Operations (SSO).
"Notwithstanding the impact of labour actions, we delivered our full supply commitment of coal volumes to the integrated Sasol value chain through our own production, increased external coal purchases and increased gas consumption at SSO,” the group said.
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Sasol has entered into a number of hedges to mitigate specific financial risks.