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ARI
ARIM
ARI - ARM - Trading Statement In Respect Of The Year Ended 30 June 2009
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
("ARM" or the "company")
Trading statement in respect of the year ended 30 June 2009
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited a
listed company is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will differ by at least 20% from
those of the previous corresponding period.
In comparison to the corresponding year to 30 June 2008 the ARM financial
results for the year to 30 June 2009 have been impacted by:
- US Dollar commodity price decreases as a result of the global economic
recession;
- sales volume decreases in all commodities, except iron ore and PGMs;
- increased expenditure and restructuring costs at Teal Exploration &
Mining Exploration Limited ("TEAL"); and
- fluctuations in exchange rates, which include a strengthening of the
Rand against the US Dollar during the last two months of the financial
year.
Accordingly, ARM announces that it expects headline earnings per share to
decrease for the year ended 30 June 2009 to between 1 025 and 1 150 cents per
share (F2008: 1906 cents per share). Basic earnings per share are expected to be
higher than headline earnings per share, mainly due to a large exceptional gain
recognized on the TEAL restructuring transaction with Companhia Vale do Rio
Doce, and will be in the range of 1 275 and 1 430 cents per share (F2008: 2 131
cents per share).
The financial information on which this trading statement is based has not been
reviewed or reported on by the external auditors of ARM.
The company`s full year financial results will be released on Monday 31 August
2009.
ENDS
For all investor relations queries please contact:
Monique Swartz
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Mobile: +27(0)83 411 2881
E-mail: monique.swartz@arm.co.za
Johannesburg
20 August 2009
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 20/08/2009 15:15:01 Produced by the JSE SENS Department.
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