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April 27, 2015 10:30 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Sasol Mining Pty Limited

Company Overview

Sasol Mining Pty Limited offers coal mining and exploration services. The company was founded in 1950 and is based in Secunda, South Africa. Sasol Mining Pty Limited operates as a subsidiary of Sasol Ltd.

Synfuels Road

Secunda,  2302

South Africa

Founded in 1950

Phone:

27 17 614 5000

Fax:

27 17 614 5036

Key Executives for Sasol Mining Pty Limited

Managing Director
Compensation as of Fiscal Year 2014.

Sasol Mining Pty Limited Key Developments

Sasol Mining Announces Audited Earnings Results and Production Results for the Year Ended June 30, 2014

Sasol Mining announced audited earnings results and production results for the year ended June 30, 2014. For the year, the company reported turnover of ZAR 14,134 million against ZAR 12,324 million a year ago. Operating profit after remeasurement items was ZAR 2,453 million against ZAR 2,214 million a year ago. Headline earnings were ZAR 7 million against ZAR 7 million a year ago. The improved operating profit was supported by higher export volumes, increased sales prices to Sasol Synfuels, as well as the weaker rand/US dollar exchange rate. Production volumes increased by 3.5% compared to those of the prior year. The company’s normalised mining unit cost from its operations increased by 7% compared with the prior year.

Sasol Mining Pty Limited Reports Earnings Results for the Half Year Ended December 31, 2013

Sasol Mining Pty Limited reported earnings results for the half year ended December 31, 2013. For the period, the company reported operating profit of ZAR 1,351 million was 4% higher than the prior year. Operating profit was negatively impacted by increased mining costs, coupled with flat production volumes, as well as additional external coal purchases to sustain demand.

Sasol Mining Announces Audited Earnings and Production Results for the Year Ended June 30, 2013

Sasol Mining announced audited earnings and production results for the year ended June 30, 2013. Operating profit of ZAR 2,213 million was 3% lower than the prior year, primarily due to increased mining costs, external coal purchases and increased transport costs. Lower export sales volumes and coal prices were offset by higher volumes and sales prices to Sasol Synfuels compared to the prior year. Production volumes were up 1% compared to those of the prior year. Sasol Mining for the first time in its history had no fatalities during the year and reduced its RCR from 0.67 in 2012 to 0.57 in 2013.

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