EXX
EXX
EXX - Exxaro - Trading Statement
EXXARO RESOURCES LIMITED
(formerly Kumba Resources Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: EXX
ISIN Number: ZAE000084992
("Exxaro" or "the company")
TRADING STATEMENT
Shareholders are advised that Exxaro Resources Limited ("Exxaro") will
release its reviewed financial results for the six-month period ended 30
June 2007 on or about 16 August 2007.
Due to the unbundling of Kumba Iron Ore Limited ("KIO") and the empowerment
transaction that resulted in the creation of Exxaro in the fourth quarter
of 2006, earnings for the six-month period ended 30 June 2007 are not
comparable with earnings reported for the corresponding period in 2006.
Earnings for the six-month period ended 30 June 2006 include the
consolidation of Sishen Iron Ore Company (Pty) Ltd ("SIOC") for the entire
six-month period and exclude the consolidation of Eyesizwe Coal (Pty) Ltd
("Eyesizwe"). For the six-month period ended 30 June 2007, Eyesizwe Coal
(Pty) Ltd has been consolidated for the entire period while Exxaro`s 20%
interest in SIOC has been equity accounted. The Namakwa Sands business and
a 26% interest in Black Mountain/Gamsberg which Exxaro will acquire on
conversion and subsequent approval of cession of the respective mining
rights are also not included in the results for the six-month period ended
30 June 2007.
Attributable earnings and headline earnings for the six-month period ended
30 June 2007 are expected to be between R815 million and R855 million.
Attributable earnings per share and headline earnings per share are
expected to be between 232 and 258 cents.
The financial information in this trading statement has not been reviewed
or reported on by Exxaro`s auditors.
The announcement of the results for the six-month period ended 30 June 2007
will include comparative unaudited supplementary financial information for
the six-month period ended 30 June 2006 solely for information purposes.
24 July 2007
Sponsor: J.P.Morgan Equities
Date: 24/07/2007 16:45:01 Produced by the JSE SENS Department.
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