To view the PDF file, sign up for a MySharenet subscription.

AFRICAN RAINBOW MINERALS LIMITED - Trading statement in respect of the six months ended 31 December 2012

Release Date: 18/02/2013 17:00
Code(s): ARI     PDF:  
Wrap Text
Trading statement in respect of the six months ended 31 December 2012

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 2012

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 six months ended 31 December 2012, in comparison to the corresponding
six months to 31 December 2011 restated results (1H F2012 restated), were negatively impacted by
the fall in realised US Dollar prices for iron ore coupled with above inflation unit cost increases at
some operations. However, this was partially offset by improved performances at the Nkomati Nickel
Mine, ARM Coal and increased sales volumes for nickel, iron ore, Eskom thermal coal, export thermal
coal and platinum group metals. The weaker Rand/US Dollar exchange rate had a positive impact on
the interim results for the period ended 31 December 2012.

Accordingly, ARM announces that it expects headline earnings per share for the six months ended
31 December 2012 to decrease to between 630 cents and 675 cents per share (1H F2012 restated:
937 cents per share). Basic earnings per share are expected to be the same as headline earnings per
share and are therefore expected to be in the same range of 630 cents to 675 cents per share
(1H F2012 restated: 958 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 interim results will be released on Tuesday 26 February 2013.

For all investor relations queries, please contact:

Stompie Shiels
Executive: Business Development and Investor Relations
Office: +27 11 779 1476
Mobile: +27(0)82 412 1004
E-mail: stompie.shiels@arm.co.za

Corné Dippenaar
Office: +27 11 779 1478
Mobile: +27(0)83 380 6614
E-mail: corne.dippenaar@arm.co.za

Johannesburg
18 February 2013

Sponsor:
Deutsche Securities (SA) (Proprietary) Limited

Date: 18/02/2013 05:00:00 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.

Share This Story