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Exx - Exxaro Resources Limited - Trading Statement For The Six Months Ended

Release Date: 04/08/2011 07:06:02      Code(s): EXX
EXX - Exxaro Resources Limited - Trading statement for the six months ended     
30 June 2011                                                                    
EXXARO RESOURCES LIMITED                                                        
Incorporated in the Republic of South Africa                                    
(Registration Number: 2000/011076/06)                                           
JSE share code: EXX                                                             
ISIN code: ZAE000084992                                                         
ADR code: EXXAY                                                                 
("Exxaro")                                                                      
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2011                         
Shareholders are advised that Exxaro will release its reviewed financial        
results for the six months ended 30 June 2011 on 18 August 2011.                
Consolidated net operating profit for the group is expected to show a strong    
improvement when compared with the corresponding period in 2010. The group      
results were positively impacted by strong demand for its products and          
generally higher commodity prices for the period, partially offset by a         
stronger average realised local currency and Australian dollar to the US        
dollar.                                                                         
The coal business is expected to deliver higher operating results than the      
corresponding period in 2010 primarily due to higher export volumes at higher   
international selling prices.                                                   
It is expected that the mineral sands business will report a higher             
consolidated net operating profit than the corresponding period in 2010         
mainly due to higher commodity prices supported by continued disciplined cost   
management.                                                                     
It is anticipated that the base metals business will report an operating loss   
due to operational challenges adversely impacting on volumes and                
profitability at the Zincor refinery in addition to an impairment of R439       
million of the carrying value of the Zincor assets.                             
Headline earnings per share, which exclude the impact of the impairment of      
the carrying value of the Zincor assets, for the six months ended 30 June       
2011, are expected to be between 961 cents and 1 055 cents, representing an     
increase of between 41% and 55% when compared with the comparative period in    
2010.                                                                           
Attributable earnings for the six months ended 30 June 2011 are expected to     
be between R2 885 million and R3 237 million.  This equates to attributable     
earnings per share of between 829 cents and 930 cents, representing an          
increase of between 19% and 34% when compared with the corresponding period     
in 2010.                                                                        
The forecast financial information on which this trading statement is based     
has not been reviewed nor reported on by Exxaro`s external auditors. This       
statement is issued in compliance with the Listings Requirements of the JSE     
Limited.                                                                        
Editors note:                                                                   
Exxaro is one of the largest South African based diversified resources          
companies, with interests in the coal, mineral sands, base metals and iron      
ore commodities. www.exxaro.com                                                 
Enquiries:                                                                      
Wim de Klerk                                                                    
Finance Director                                                                
Tel: + 27 12 307 4848                                                           
Mobile: +27 82 652 5145                                                         
Email: wim.deklerk@exxaro.com                                                   
Pretoria                                                                        
4 August 2011                                                                   
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 04/08/2011 07:06:01 Supplied by www.sharenet.co.za                     
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