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

ANGLO AMERICAN PLAT LTD - Updated trading statement for the six months ended 30 June 2015

Release Date: 13/07/2015 08:00
Code(s): AMS     PDF:  
Wrap Text
Updated trading statement for the six months ended 30 June 2015

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“the Company" or "Anglo American Platinum")

UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2015

Anglo American Platinum Limited will release its results for the six months ended 30 June 2015
("the period") on the Johannesburg Stock Exchange News Service (“SENS”) on 20 July 2015.

Shareholders are referred to the Company’s trading statement released on SENS on 15 June
2015 in which they were advised that headline earnings and headline earnings per share
(“HEPS”) for the period were expected to be at least 20% (R31 million or 12 cents per share)
higher than for the comparative reporting period for the six months ended 30 June 2014
(“comparative period”) and that basic earnings and basic earnings per share (“EPS”) for the
period were also expected to be at least 20% (R86 million or 33 cents per share) higher than for
the comparative period.

Shareholders are now advised that headline earnings and HEPS for the period are likely to
increase to be between R2,450 million and R2,480 million (or between 1,461% and 1,480% up
on prior year) and 940 cents and 950 cents per share (or between 1,467% and 1,483% up on
prior year) respectively. This compares to reported headline earnings and HEPS of R157 million
and 60 cents per share respectively for the comparative period.

Basic earnings and EPS for the period are likely to increase to be between R2,400 million and
R2,480 million (or between 459% and 478% up on prior year) and 915 cents and 945 cents per
share (or between 458% and 476% up on prior year) respectively. This compares to reported
basic earnings and EPS of R429 million and 164 cents per share respectively for the
comparative period.

The expected increase in earnings and headline earnings is due to the improvement in
operational performance following the protected industrial action in the comparative period, an
increase in sales volumes and weakening of the South African Rand versus the US dollar, which
was partially offset by sharply weaker pricing. In addition, the Company has increased its
estimate of the quantity of inventory based on the outcome of the physical count of in-process
metals, which resulted in an after tax-tax gain of R1,566 million (or 600 cents per share).

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

Johannesburg
13 July 2015

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

For further information, please contact:

Investors:
Emma Chapman
Head of Investor Relations
Tel: +27 (0)11 373 6239
emma.chapman@angloamerican.com


Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com


About Anglo American Platinum
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 a global and diversified mining business that provides the raw materials
essential for economic development and modern life. Our people are at the heart of our
business. It is our people who use the latest technologies to find new resources, plan and build
our mines and who mine, process and move and market our products – from bulk commodities
and base metals to precious metals and diamonds (through De Beers) – to our customers
around the world. Our diversified portfolio of products spans the economic development cycle
and, as a responsible miner, we are the custodians of precious resources. We work together
with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, but also for the communities and countries in which we operate
– creating sustainable value and making a real difference. Our mining operations, growth
projects and exploration and marketing activities extend across southern Africa, South America,
Australia, North America, Asia and Europe.

www.angloamerican.com

Date: 13/07/2015 08:00:00 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