Palabora - Trading Statement
PALABORA MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number - 1956/002134/06
Share Code: PAM ISIN: ZAE000005245
(`Palabora` or `the Company`)
TRADING STATEMENT
As required by the listings requirements of the JSE, shareholders are advised
that Palabora`s earnings and headline earnings per share for the year ended 31
December 2004 are expected to be between 275c and 295c and 775c and 795c
respectively below those of the comparative period, resulting in a further loss
being recorded in the current year.
Further to the announcement made in December 2004, shareholders are also advised
that the Company has now determined that the 2004 results will include an
impairment of Palabora`s copper assets. This impairment, which is still subject
to final quantification, is excluded from the earnings per share and headline
earnings per share given above.
It is anticipated that the unaudited preliminary results for the year ended 31
December 2004 are due to be published on 27 January 2005, at which stage further
details will be provided regarding the company`s performance.
Shareholders are advised that the forecast contained in this Trading Statement
has not been reviewed or reported on by the external auditors.
For further information please contact the Managing Director, Keith Marshall, on
+27 (0) 15 780 2802.
Phalaborwa
19 January 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 19/01/2005 08:57:13 AM
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