ARI - African Rainbow Minerals Limited - Trading u
ARI
ARIM
ARI - African Rainbow Minerals Limited - Trading update
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 UPDATE - in respect of the six month period ended 31 December 2006
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited
("the JSE") 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.
The ARM group results for the six months to December 2006 have been positively
impacted by a much higher contribution from its platinum, nickel and ferrous
operations. Strong PGM prices, an increase in PGM ounces produced and the
significant increase in nickel prices during the period have impacted positively
on the ARM operating results. Our ferrous division has benefited from strong
performances in its iron ore and manganese businesses.
In light of the above, ARM announces that it expects headline earnings per share
to increase for the six months ended 31 December 2006 to between 251 and 277
cents per share (December 2005 : 64 cents per share). Basic earnings per share
for the same period are expected to be between 256 and 283 cents per share
(December 2005: 121 cents per share).
This trading statement has not been reviewed or reported on by ARM`s external
auditors.
The Company`s Interim Results will be released on Tuesday 20 February 2007.
Sandton
13 February 2007
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 13/02/2007 17:15:02 Produced by the JSE SENS Department.
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