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ANGLO AMERICAN PLAT LTD - Trading statement

Release Date: 14/01/2013 08:00
Code(s): AMS     PDF:  
Wrap Text
Trading statement

ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181

TRADING STATEMENT

Anglo American Platinum Limited is currently finalising its results for the year ended 31 December 2012 (“the
period”), which will be released on SENS on or about 4 February 2013.

Headline earnings per share (“HEPS”) for the period is expected to decrease to a loss of between 491 cents
and 628 cents from a profit of 1,365 cents reported for the year ended 31 December 2011 (“the comparative
period”).

The expected decrease in HEPS is primarily due to lower sales volumes and lower realised prices during
2012. Platinum sales volumes for the period were lower primarily due to the two-month illegal industrial
action experienced during the second half of 2012. As a result of the illegal industrial action, the initial safety
suspension and the ramp up period, which commenced 16 November 2012, total lost equivalent refined
platinum production, including from joint ventures and associates, amounted to 306 koz. The losses in
production resulted in an increase in unit cash operating cost in 2012, due to the retained fixed cost base
which further negatively impacted on HEPS for the period.

Basic earnings per share for the period is expected to decrease to a loss of between 2,487 cents and 2,624
cents from a profit of 1,374 cents for the comparative period. Basic earnings for the period includes losses of
R463 million resulting from the revaluation of certain investments and R6,606 million (after-tax R4,756
million) for the write down in the carrying value of various projects and other assets, not in use, that are
considered not economically viable in the current market environment.

The financial information on which this trading statement is based has not been reviewed and reported on by
the Company’s external auditors.


For further information, please contact:


Investors:
Kgapu Mphahlele
+27 (0) 11 373 6239
kgapu.mphahlele@angloamerican.com

Media:
Mpumi Sithole
Tel: +27 (0)14 591 3741
mpumi.sithole@angloamerican.com

Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s leading
primary producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange
(JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the
Group owns Unki Platinum Mine in Zimbabwe and is actively exploring in Brazil. Anglo American Platinum
has a number of joint ventures with several historically disadvantaged South African consortia as part of its
commitment to the transformation of the mining industry. Anglo American Platinum is committed to the
highest standards of safety and continues to make meaningful and sustainable difference in the development
of the communities around its operations. www.angloamericanplatinum.com

Anglo American is one of the world’s largest mining companies, is headquartered in the UK and listed on the
London and Johannesburg stock exchanges. Anglo American’s portfolio of mining businesses spans bulk
commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals – copper and
nickel; and precious metals and minerals – in which it is a global leader in both platinum and diamonds.
Anglo American is committed to the highest standards of safety and responsibility across all its businesses
and geographies and to making a sustainable difference in the development of the communities around its
operations. The company’s mining operations, extensive pipeline of growth projects and exploration activities
span Southern Africa, South America, Australia, North America, Asia and Europe. www.angloamerican.com

14 January 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/01/2013 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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