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ARI
ARIM
ARI - African Rainbow Minerals Limited - Trading statement in respect of the six
months ended 31 December 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 six months ended 31 December 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.
Despite increased sales volumes across most commodities, ARM interim results for
the six months to 31 December 2009 (in comparison to the corresponding six
months to 31 December 2008) have been negatively impacted by:
- substantial decreases in US Dollar commodity prices owing to the
global economic recession; and
- the strengthening of the Rand against the US Dollar.
Accordingly, ARM announces that it expects headline earnings per share to
decrease for the six months ended 31 December 2009 to between 200 and 225 cents
per share (1H F2009: 1 055 cents per share). Basic earnings per share are
expected to be in line with headline earnings and therefore expected to be in
the same range. (1H F2009: 1 054 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 interim results will be released on Monday 22 February 2010.
For all investor relations queries please contact:
Jongisa Klaas
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507
Mobile: +27(0)82 562 5288
E-mail: jongisa.klaas@arm.co.za
Corne Dippenaar
Corporate Development
Office: +27 11 779 1300
Mobile: +27(0)83 380 6614
E-mail: corne.dippenaar@arm.co.za
Johannesburg
11 February 2010
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 11/02/2010 14:07:03 Produced by the JSE SENS Department.
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