|
ARI
ARIM
ARI - African Rainbow Minerals Limited - Trading statement in respect of the
six months ended 31 December 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 six months ended 31 December 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 interim results for six months ended 31 December 2011, in comparison
to the corresponding six months to 31 December 2010 (1H F2011), were
positively impacted by an increase in sales volumes in iron ore, manganese
ore, manganese alloys, nickel and PGMs. The positive effect of higher sales
volumes was however reduced by a decline in US Dollar prices realised,
particularly for manganese ore, manganese alloys, nickel and chrome
concentrate. The weaker Rand/ US Dollar exchange rate had a positive impact
on the interim results for the period ended 31 December 2011.
Nkomati Nickel`s contribution to earnings was negatively impacted by
additional waste stripping costs incurred to improve mining flexibility.
Accordingly, ARM announces that it expects headline earnings per share for
the six months ended 31 December 2011 to increase to between 890 cents and
930 cents per share (1H F2011: 734 cents per share). Basic earnings per
share are expected to be higher than headline earnings per share and are
therefore expected to be in the range of 910 cents to 950 cents per share
(1H F2011: 732 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 interim results will be released on Monday 27 February 2012.
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
16 February 2012
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 16/02/2012 16:35:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
