Secunda, Mpumalanga – Sasol today officially inaugurated its new Shondoni colliery in Mpumalanga as part of its R14 billion mine replacement programme. Meaning “a place of wealth”, Shondoni replaces Sasol Mining’s Middelbult Colliery, which has reached the end of its lifespan.
Sasol Mining is South Africa’s third largest coal producer and runs one of the world’s largest underground coal-mining complexes. It produces over 40 million tons of coal annually of which more than 90% is used as critical feedstock for the production of Sasol’s high quality synthetic fuels and a wide range of chemicals.
Sasol’s Joint President and CEO, Bongani Nqwababa, said the R14 billion mine replacement programme supports Sasol’s strategy to operate its southern African facilities until 2050. The programme commenced in 2009.
“It is also part of our capital expenditure in South Africa which, over the last five years, has amounted to more than R94 billion,” said Nqwababa.
Modern in many respects, distinguishing Shondoni from the rest of Sasol’s other five collieries is the use of renewable energy, which includes the use of solar geysers to heat pumps. The mine also holds the record of having the longest single flight conveyor without an intermediate booster drive in Africa, at 21km. Over the next 30 years, it is expected to deliver between 8 and 9 MT of coal per annum and currently employs about 1 200 people.
Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.
Comprehensive additional information is available on our website: www.sasol.com