Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
South Africa's Sasol reported lower output at its coal mining division in the October-December quarter citing safety-related incidents, tough geological conditions and delays in sourcing spares for maintenance. Output in the quarter was reduce by 5% or 394,000 metric tonnes as a result, stated Sasol, the world's largest producer of fuels and chemicals from coal and gas.
This would "negatively impact our mining unit cost per tonne for the full year," Sasol mentioned. Sasol maintained its production predicted for the full year to June 2024 for its mining, gas and chemicals segments. However, it reduced its utilisation rate forecast for its Qatar gas-to-liquid joint venture to 65-75% from previous guidance of 80-90% after a reactor coil leak brought forward a planned shutdown to the second quarter. Sasol is scheduled to release its half-year results on February 26.
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