Draslovka to acquire sodium cyanide business from Sasol for $102m.

Draslovka, a Czech based privately owned holding company, dealing in speciality chemicals and proprietary manufacturing technologies, agreed to acquire sodium cyanide business from Sasol, a global integrated chemicals and energy company, for $102m. Draslovka will take over full operational control of the cyanide business. Key feedstocks, utilities and site services will be supplied by Sasol on an arm’s length basis. Draslovka will use its expertise in the cyanide business to bring new technologies and capabilities to the process, ensuring a continuous and stable supply of cyanide to the mining industry. Sasol also intends to explore the potential for business development opportunities by Draslovka which could result in further synergies at the site.