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Exxaro Resources Limited - Trading Statement For The Six-month Period Ended 30 June 2012

Release Date: 24/07/2012 16:45:00      Code(s): EXX
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-MONTH PERIOD ENDED 30 JUNE 2012
Shareholders are advised that Exxaro will release its reviewed financial 
results for the six-month period ended 30 June 2012 on 1 August 2012.

It is expected that the mineral sands business will report a higher 
operating profit than the corresponding period in 2011 due to a general 
increase in selling prices for the products in addition to the partial 
impairment reversal of approximately R103 million of the carrying value 
of the property, plant and equipment at the KZN Sands operations.

The coal business is expected to deliver lower operating profit than 
the corresponding period in 2011 primarily due to lower international 
and domestic selling prices coupled with lower volumes to Eskom, export 
and domestic markets. 

Headline earnings per share, which exclude the impact of the non-recurring 
profits realised on the sale of the mineral sands and base metals subsidiaries 
of approximately R5 billion, as well as the impact of the partial impairment 
reversal of the carrying value of the KZN Sands property, plant and equipment 
of approximately R103 million for the six-month period ended 30 June 2012, 
are expected to be between 1 093 cents and 1 186 cents, representing an increase 
of between 5% and 13% when compared with the corresponding period in 2011.

Attributable earnings, which include the non-recurring net profits realised on 
the sale of the mineral sands and base metals subsidiaries and the partial 
impairment reversal of the carrying value of the KZN Sands property, plant and 
equipment for the six-month period ended 30 June 2012 are expected to be 
between R8 775 million and R9 136 million.  This equates to attributable earnings 
per share of between 2 479 cents and 2 581 cents, representing an increase of 
between 169% and 180% when compared with the corresponding period in 2011.

The forecast financial information on which this trading statement is based has 
not been reviewed, audited nor reported on by Exxaros 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
24 July 2012

Sponsor
Deutsche Securities (SA) (Proprietary) Limited


Date: 24/07/2012 04:45:00 Supplied by www.sharenet.co.za                     
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