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ARI
ARIM
ARI - African Rainbow Minerals Limited - Trading statement in respect of the six
months ended 31 December 2010
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 2010
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.
ARM`s interim results for the six months to 31 December 2010 (in comparison to
the corresponding six months to 31 December 2009) have been positively impacted
by a significant improvement in commodity markets and US Dollar prices for
commodities. ARM`s results have further benefited from continuing growth as the
Company`s key growth projects ramp up production.
The results for the period were however negatively impacted by the strengthening
of the Rand versus the US Dollar.
Accordingly, ARM announces that it expects headline earnings per share to
increase for the six months ended 31 December 2010 to between 710 and 750 cents
per share (1H F2010: 214 cents per share). Basic earnings per share are expected
to be in line with headline earnings per share and therefore expected to be in
the same range. (1H F2010: 213 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 28 February 2011.
ENDS
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
17 February 2011
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 17/02/2011 17:15:32 Produced by the JSE SENS Department.
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