ANGLO AMERICAN PLAT LTD - REVISED TRADING STATEMENT
AMS
REVISED TRADING STATEMENT
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/022452/06)
Share code: AMS
ISIN: ZAE000013181
(?the Company?)
REVISED TRADING STATEMENT
Anglo American Platinum Limited is currently finalising its
results for the six months ended 30 June 2012 (?the period?),
which will be released on SENS on or about 23 July 2012.
Headline earnings per share (?HEPS?) for the period is expected to
decrease to between 270 cents and 280 cents from 1,236 cents
reported for the six months ended 30 June 2011 (?the comparative
period?).
The expected decrease in HEPS is primarily due to lower sales
volumes and lower realised prices during the first half of 2012.
Platinum sales volumes for the period were lower primarily due to
the delayed restart of the converter plant post its annual
maintenance. HEPS for the period has also been adversely affected
by higher than expected industry cost inflation, particularly for
labour, diesel and electricity.
In addition to the reduction in HEPS mentioned above, basic
earnings for the period included a loss of R256 million resulting
from revaluation of the Company?s investment in Wesizwe Platinum
Limited and once-off accounting charges of R388 million (post-tax)
and R505 million (post-tax)for the writedown of the Tumela 4 shaft
project and suspension of Marikana operations respectively. Tumela
4 shaft infrastructure is not viable in the current economic and
operating environment. As a result, basic earnings per share for
the period is expected to decrease to a loss of between 185 cents
and 175 cents from the basic earnings per share profit of 1,273
cents for the comparative period.
The financial information on which this trading statement is based
has not been reviewed and reported on by the Company?s external
auditors.
For further information please contact:
Kgapu Mphahlele
Tel :011 373 6239
Email: kgapu.mphahlele@angloamerican.com
Johannesburg
18 July 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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