Kumba Resources Limited - Trading Statement
KUMBA RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: KMB
ISIN Number: ZAE000034310
(`Kumba`)
TRADING STATEMENT
The Listings Requirements of the JSE Limited require that listed companies
publish a trading statement when the financial results for the next financial
period to be reported, vary from those of the comparable period by 20% or more.
Kumba has benefited from higher commodity prices and strong demand together with
the contribution from the comprehensive business improvement programme launched
in 2004. An average increase of 71.5% in seaborne iron ore prices came into
effect on 1 April 2005 and will apply until 31 March 2006. This more than
offset the stronger average exchange rate of R6.20/US$ for the six month period
to 30 June 2005 compared with R6.38/US$ for the comparative period last year.
As a result, Kumba`s earnings and headline earnings per share for the six months
ended 30 June 2005 are expected to exceed the comparative earnings per share for
the six month period ended 30 June 2004 by between 275% and 295% and between
185% and 205% respectively. The expected earnings for the six months ended 30
June 2005 do not include the payment of A$ 231.4 million received for Kumba`s
interest in the Hope Downs project on 1 July 2005, which will be accounted for
in the full 2005 financial year`s earnings.
The financial information in this trading statement has not been reviewed or
reported on by Kumba`s auditors.
The results for the six months ended 30 June 2005 are expected to be published
on or about 3 August 2005.
Pretoria
14 July 2005
Sponsor
JP Morgan Equities Limited
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