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TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2012
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
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