AMS AMSP
ANANP
AMS/AMSP - Anglo Platinum Limited - Trading Statement
Issuer Long Name : Anglo Platinum Limited
Registration No. : 1946/022452/06
Instrument Alpha Code/Ticker Symbol : AMS; AMSP
ISIN : ZAE000013181; ZAE000054474
Anglo Platinum trading statement
Anglo Platinum advises shareholders that earnings per share and headline
earnings per share for the half-year ended 30 June 2007 are expected to be
between 40% and 50% higher than the earnings per share and headline earnings per
share of 2 002 cents for the half-year ended 30 June 2006.
The expected increase, primarily as a result of higher Rand prices of metals
sold, was muted by reduced production efficiency and an increase in process
pipeline stocks.
Production efficiency reduced markedly as a result of a shortage of skilled
labour, competition for labour at all levels, strike action at joint ventures,
the unsettled labour situation associated with wage negotiations and the
increased number of fatal events.
Process pipeline stocks increased during the half-year, increasing platinum
levels by 90 000 ounces. While these stocks are expected to be refined for sale
during the second half of 2007 the stock increase reduced earnings for the half-
year ended 30 June 2007 by some R700million. Refined platinum sales for the
half-
year ended 30 June 2007 amounted to 1,2 million ounces.
The extent to which performance in the second half of 2007 will be influenced by
events and trends in the first half of 2007, including the safety intervention
currently underway at Rustenburg, is currently being evaluated and will be
quantified in Anglo Platinum`s interim results.
This trading statement is issued in compliance with the Listings Requirements
(Section 3.4 (b)) of the JSE Limited. The financial information on which this
trading statement is based has not been reviewed and reported on by the
Company`s auditors. Anglo Platinum intends publishing its interim results on 30
July 2007.
For further information please contact
Trevor Raymond
011 373 6462
082 654 8467
Johannesburg
12 July 2007
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 12/07/2007 12:30:02 Produced by the JSE SENS Department.
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