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ARI
ARIM
ARI - African Rainbow Minerals Limited - Trading statement in respect of the
year ended 30 June 2011
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 2011
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 provisional financial results for the year ended 30 June 2011 (in
comparison to the previous financial year ended 30 June 2010) have been
positively impacted by much improved US Dollar commodity prices especially
for iron ore. The results were however negatively affected by the
strengthening of the Rand relative to the US Dollar.
Accordingly, ARM announces that it expects headline earnings per share to
increase for the year ended 30 June 2011 to between 1 500 and 1 610 cents per
share (F2010: 807 cents per share). Basic earnings per share for the year
ended 30 June 2011 are expected to be in line with headline earnings per
share and are therefore expected to be in the same range (F2010: 854 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 provisional results will be released on Wednesday, 31
August 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
19 August 2011
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 19/08/2011 16:20:23 Produced by the JSE SENS Department.
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