Wrap Text
Anglo American analyst and investor strategy event & Anglo American Platinum Trading Statement
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
(“the Company”)
Anglo American analyst and investor strategy event & Anglo American Platinum Trading
Statement
Anglo American plc (“Anglo American”) is this afternoon hosting an investor presentation in
London which will provide an update on Anglo American’s strategy, detailed findings of its asset
review and progress made towards realising Anglo American’s value potential through a
number of revenue enhancing and cost reduction opportunities.
Key points pertinent to Anglo American Platinum will include an update on the progress of the
restructuring and a focus on optimising and expanding Mogalakwena. Through a number of
mining strategy improvements, ongoing operational improvements and a debottlenecking
exercise at the concentrator, Mogalakwena has potential to produce around 400 koz by the end
of 2017.
Anglo American Platinum’s chief executive Chris Griffith said: “We are making great progress
with our restructuring plans with the support of Anglo American and remain optimistic that we
will achieve our goal of creating a sustainable and profitable business for the benefit of our
stakeholders.”
The presentation will begin at 12.30pm (UK time) / 14:30pm (SA time) and will close at
17:00pm (UK time) / 19:00pm (SA time). The following members of Anglo American’s
management team will present:
Mark Cutifani Chief Executive
René Médori Finance Director
Tony O’Neill Group Director, Technical
Peter Whitcutt Group Director, Strategy, Business Development & Commercial
Duncan Wanblad CEO, Base Metals & Minerals
The presentation will be available to watch via webcast, which can be viewed at:
http://www.media-server.com/m/p/7iqtg586. Replays will be available after the close of the
presentation.
Trading Statement
Anglo American Platinum is now reasonably certain that basic and headline earnings for the
year ending 31 December 2013 (“the period”) will increase by more than 20% from that
reported in the year ended 31 December 2012 (“the comparative period”).
However, in view of volatility in exchange rates, metal prices and the potential impact of
industrial action, Anglo American Platinum cannot, with reasonable certainty, quantify the
extent of the increase in expected earnings.
Headline earnings and basic earnings reported for the comparative period were a loss of
R1,468 million and R6,677 million respectively while headline earnings per share (“HEPS”) and
earnings per share (“EPS”) were a loss of R562 and R2,558 respectively.
The expected increase in earnings is primarily as a result of the weaker rand / US dollar
exchange rate and higher sales volumes. This is somewhat offset by a higher effective tax rate
resulting from an additional provision for tax in respect of prior years.
Shareholders are advised that a further trading statement will be issued in due course to
provide earnings forecast ranges for earnings per share and headline earnings per share as
required by the JSE Listing requirements.
The forecast financial information on which this trading statement is based has not been
reviewed and reported on by the Company’s external auditors.
rd
The results for the period will be released on SENS on the 3 February 2014, and an updated
trading statement will be released before then.
12 December 2013
Merchant bank and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
For further information, please contact:
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
Investors:
Emma Chapman
Tel: +44 (0)20 7968 8451
emma.chapman@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. Our portfolio of mining businesses
meets our customers’ changing needs and spans bulk commodities – iron ore and manganese,
metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and
phosphates; and precious metals and minerals – in which we are a global leader in both
platinum and diamonds. At Anglo American, we are committed to working together with our
stakeholders – our investors, our partners and our employees – to create sustainable value that
makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America, Australia, North
America, Asia and Europe.
www.angloamerican.com
Date: 12/12/2013 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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