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ARI - African Rainbow Minerals Limited - Trading statement in respect of the six

Release Date: 17/02/2011 17:15
Code(s): ARI
Wrap Text

ARI - African Rainbow Minerals Limited - Trading statement in respect of the six months ended 31 December 2010 African Rainbow Minerals Limited (Incorporated in the Republic of South Africa) (Registration number 1933/004580/06) JSE Share code: ARI ISIN: ZAE000054045 ("ARM" or the "Company") Trading statement in respect of the six months ended 31 December 2010 In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. ARM`s interim results for the six months to 31 December 2010 (in comparison to the corresponding six months to 31 December 2009) have been positively impacted by a significant improvement in commodity markets and US Dollar prices for commodities. ARM`s results have further benefited from continuing growth as the Company`s key growth projects ramp up production. The results for the period were however negatively impacted by the strengthening of the Rand versus the US Dollar. Accordingly, ARM announces that it expects headline earnings per share to increase for the six months ended 31 December 2010 to between 710 and 750 cents per share (1H F2010: 214 cents per share). Basic earnings per share are expected to be in line with headline earnings per share and therefore expected to be in the same range. (1H F2010: 213 cents per share). The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of ARM. The company`s full interim results will be released on Monday 28 February 2011. ENDS For all investor relations queries please contact: Jongisa Klaas Corporate Development and Head of Investor Relations Office: +27 11 779 1507 Mobile: +27(0)82 562 5288 E-mail: jongisa.klaas@arm.co.za Corne Dippenaar Corporate Development Office: +27 11 779 1300 Mobile: +27(0)83 380 6614 E-mail: corne.dippenaar@arm.co.za Johannesburg 17 February 2011 Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 17/02/2011 17:15:32 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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