ANGLOVAAL MINING LIMITED -
ANGLOVAAL MINING LIMITED
(Registration number 1933/004580/06)
(Incorporated in the Republic of South Africa)
JSE Share code: AIN
London Stock Exchange: AGM
ISIN: ZAE000017141
("Avmin" or "the company")
TRADING UPDATE
Shareholders are advised that following the trading update issued by our 50%
subsidiary company Assmang Limited on 14 November 2003, and the impact of the
strengthening Rand particularly in the application of Generally Accepted
Accounting Practice Statement on Financial Instruments, AC133, to our 42%
subsidiary company Avgold Limited"s gold hedges, the headline earnings of the
Group for the half year to 31 December 2003 will be substantially below the
headline earnings and earnings per share reported for the previous halfyear to
31 December 2002.
The above forecast earnings information has not been reviewed or reported on by
Avmin"s auditors.
Production at all of the Group"s operations is in accordance with plan and no
deviation therefrom is anticipated.
Shareholders are advised to exercise caution in their share dealings until the
release of the interim results for the half-year to 31 December 2003. These
results are to be published during early March 2004.
Group company secretary
RH Phillips
27 November 2003
For further information contact:
Ebrahim Takolia
GM - Investor Relations
Tel: +27 11 634 0333
Date: 27/11/2003 12:10:03 PM Supplied by www.sharenet.co.za
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