SA to put pressure on ArcelorMittal, Sasol to lower prices

CAPE TOWN (Reuters) – South Africa will put pressure on steel producer ArcelorMittal SA and petrochemicals firm Sasol to reduce prices and help cut input costs in the steel, platinum and polymer industries by up to 15 percent, a government minister said. The government in Africa’s second largest economy is pushing to revitalise industrial capacity by encouraging companies to add value to … Read more

Sasol, Eni to undertake gas-to-liquids plant study in Mozambique

JOHANNESBURG (Reuters) – South African petrochemicals group Sasol Ltd will conduct a study to build a gas-to-liquid (GTL) plant in Mozambique, it said on Thursday. Sasol said in a statement it would conduct the pre-feasibility study together with Italian oil and gas group Eni and Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos. The plant would use gas from the Rovuma Basin in Northern … Read more