Sharenet Sites 
Sharenet Sites
Updated Trading Statement for the Twelve Months Ended 31 December 2017
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 TWELVE MONTHS ENDED 31 DECEMBER 2017
Anglo American Platinum will release results for the twelve months ended 31 December 2017 (“the period”)
on the Stock Exchange News Service (“SENS”) on 19 February 2018.
Shareholders are referred to the Company’s trading statement released on SENS on 15 December 2017
in which the Company advised that headline earnings and headline earnings per share (“HEPS”) for the
period were expected to be at least 20% (R373 million or 143 cents per share, respectively) higher than
for the comparative reporting period for the twelve months ended 31 December 2016 (“comparative
period”) and that basic earnings and basic earnings per share (“EPS”) for the period were also expected
to be at least 20% (R126 million or 48 cents per share, respectively) higher than for the comparative period.
Shareholders are advised that headline earnings and HEPS for the period are likely to increase to between
R3.65 billion and R4.00 billion (or between 96% and 114% higher than the prior year figure of R1.87 billion)
and to between 1,392 cents and 1,526 cents per share (or between 95% and 114% higher than the prior
year figure of 713 cents) respectively.
Basic earnings and EPS for the period are likely to increase to between R1.85 billion and R1.97 billion (or
between 193% and 212% higher than the prior year figure of R632 million) and to between 706 cents and
751 cents per share (or between 193% and 212% higher than the prior year figure of 241 cents)
respectively.
The expected increase in headline earnings and basic earnings is primarily a result of a strong operational
performance, strict cost control and higher Platinum Group Metal sales volumes, together with a 2%
increase in the Rand basket price. In addition, during the second half of 2017, the Company valued the
impact of ore stockpiles ahead of concentrators across the business equating to R0.9 billion post-tax in
the period, (of which R0.8 billion post-tax relates to ore stockpiles at Mogalakwena), to the extent that
these stockpiles are expected to be utilised in the foreseeable future.
Basic earnings for the period is also impacted by attributable impairments after tax of R3.9 billion (of which
R2.2 billion was recognised in the interim results to 30 June 2017 (“Interim Results”)) including the
following impairments:
a) R1.9 billion in respect of the associate investment in BRPM due to the decline in the Royal
Bafokeng share price which provided indication of the need for an impairment (of which R1.0 billion
was recognised in the Interim Results);
b) Union Mine and Masa Chrome of R1.0 billion owing to the disposal of these operations (of which
R0.9 billion was recognised in the Interim Results);
c) R0.2 billion in funding provided to Bokoni Mine consequent on the Company’s 49% shareholding
therein;
d) R0.7 billion in respect of funding provided to Atlatsa for its support of Bokoni Mine (of which
R0.2 billion was recognised in the Interim Results); and
e) R0.1 billion to the Bakgatla related to their interest in Union Mine (recognised in the Interim
Results).
The latter two, totalling R0.8 billion impact both basic earnings and headline earnings.
In addition, basic earnings benefits from the inclusion of profit on the sale of assets of R1.2 billion, largely
attributable to the disposal of long-dated Amandelbult resources. This is excluded from headline earnings.
The comparative period basic earnings were impacted by the post-tax loss on disposal of Rustenburg mine
of R0.9 billion which also did not impact headline earnings.
The financial information on which this trading statement is based has not been reviewed, or reported on,
by the Company’s external auditors.
Johannesburg
6 February 2018
Sponsor:
Merrill Lynch South Africa Proprietary 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
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. 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 a meaningful and sustainable difference in the development of the
communities around its operations.
www.angloamericanplatinum.com
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining
operations and undeveloped resources provides the raw materials to meet the growing consumer-driven
demands of the world's developed and maturing economies. 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 to our customers around the world.
As a responsible miner - of diamonds (through De Beers), platinum and other precious metals, copper,
nickel, iron ore and coal - we are the custodians of what are precious natural resources. We work together
with our key partners and stakeholders to unlock the long-term value that those resources represent for
our shareholders and for the communities and countries in which we operate – creating sustainable value
and making a real difference.
www.angloamerican.com
Date: 06/02/2018 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.
