African Rainbow Minerals Ltd

Published : February 12th, 2008

Trading Statement in respect of the six month period ended 31

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TRADING STATEMENT

 

In respect of the six month period ended 31 December 2007

 

Johannesburg – 12 February 2008

 

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 results for the six months ended 31 December 2007 have been positively impacted by sales volume increases relating to manganese ore and ferromanganese alloy, iron ore and chrome ore. The results have also been impacted by strong increases in US dollar PGM, thermal coal and ferrous metal prices.

 

These positive impacts have been offset by planned lower nickel production from the Nkomati Mine as it moves from an underground to opencast operation. Results have also been impacted by lower nickel prices, lower than planned production at the platinum mines and increased exploration expenditure in Africa through TEAL.

 

In light of the above, ARM announces that it expects headline earnings per share to increase for the six months ended 31 December 2007 to between 330 and 370 cents per share (headline earnings for the comparable period in 2006 were 264 cents per share).

 

Basic earnings have been further impacted by the R135 million gain on the receipt of the final tranche payment on the sale of 50% of Nkomati Nickel to Norilsk Nickel. Basic earnings are expected to increase to between 400 and 430 cents per share (previously 264 cents per share).

 

This trading statement has not been reviewed or reported on by the external auditors of ARM.

 

The Company’s interim results will be released on Wednesday 20 February 2008.

 

 

ENDS

 

For all investor relations queries please contact:

 

Monique Swartz

Manager: Investor Relations and New Business Development

Office:             +27 11 779 1507

Mobile:            +27(0) 83 411 2881

E-mail:             monique.swartz@arm.co.za

 

 

 

 

 



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African Rainbow Minerals Ltd

PRODUCER
CODE : ARIM.JSE
ISIN : ZAE000054045
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African Rainbow is a nickel and platinum producing company based in South africa.

African Rainbow produces nickel, platinum, chromium, cobalt, copper, gold, iron, manganese, palladium, rhenium and rhodium in South Africa and in Zambia, develops platinum in South Africa, and holds various exploration projects in South Africa.

Its main assets in production are DWARSRIVIER, NKOMATI OXIDE MASSIVE CHROMITE, TWO RIVER PLATINUM MINE - UG2, TWO RIVER - MERENSKY REEF, MODIKWA - UG2, MODIKWA - MERENSKY, NKOMATI MINE & EXPANSION, NCHWANING MINE BODY 1, NCHWANING - BODY 2, GLORIA -BODY 1, GLORIA - BODY 2, BEESHOEK and KHUMANI in South Africa and NKANA in Zambia, its main asset in development is KALPLATS in South Africa and its main exploration properties are GOEDGEVONDEN COAL PROJECT and CATO RIDGE in South Africa.

African Rainbow is listed in Germany and in South Africa. Its market capitalisation is 6 326.9 billions as of today (US$ 2 963.0 billions, € 2 453.9 billions).

Its stock quote reached its lowest recent point on May 15, 2015 at 10 001.00, and its highest recent level on January 15, 2021 at 28 799.00.

African Rainbow has 219 691 837 shares outstanding.

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Annual reports of African Rainbow Minerals Ltd
(ARM) - Integrated Annual Report 2012
Nominations of African Rainbow Minerals Ltd
7/3/2013(ARM) announces changes to the Board of Directors
Project news of African Rainbow Minerals Ltd
6/19/2013(ARM) - Assmang approves ferromanganese joint venture in Mal...
4/10/2012(ARM) - Resolution of Modikwa Platinum Mine strike
8/17/2009(Khumani)Khumani Iron Ore Mine and Project update
9/1/2008(Khumani)Six million tonne expansion at Khumani set to proceed
Corporate news of African Rainbow Minerals Ltd
2/20/2014(ARM) - Trading statement in respect of the six moths ended ...
8/23/2013(ARM) - Provisional results for the year ended 30 June 2013
8/21/2013(ARM) - Trading statement in respect of the year ended 30 Ju...
3/22/2013(ARM) - Disclosure of beneficial interests in securities
8/25/2011(ARM) - Provisional results for the year ended 30 June 2011
2/17/2011Trading statement in respect of the six months ended 31 Dece...
8/31/2009Provisional results for the financial year ended 30 June 200...
8/25/2009Trading statement in respect of the year ended 30 June 2009
2/23/2009Interim results for the six months ended 31 December 2008
2/17/2009Trading statement in respect of the six month period ended 3...
12/18/2008Assmang- Manganese alloy capacity shutdown
12/8/2008Assmang Limited ("Assmang") - additional capacity shutdown
9/1/2008Provisional results for the financial year ended 30 June 200...
8/13/2008Trading statement in respect of the 12 month period ended 30...
5/13/2008Changes to the Board of Directors of TEAL
4/24/2008 Assmang Cato Ridge furnace expected to be reopened soon
4/14/2008Two more furnaces resume production at Assmang
4/10/2008Second furnace restarted at Assmang's Cato Ridge Works
4/8/2008Furnace restarted at Assmang's Cato Ridge Works
2/25/2008Announcement
2/20/2008Interim results for the six months ended 31 December 2007
2/15/2008launch of new website, Monday 18 February 2008 !
2/12/2008Trading Statement in respect of the six month period ende...
9/26/2007Approval for Nkomati R3.2 billion ($445m) Phase 2 Large Scal...
9/3/2007(angl) Provisional results for the financial year ended 30 J...
8/27/2007Trading update in respect of the 12 month period ended 30 Ju...
8/22/2007FRANK ABBOTT APPOINTED BY HARMONY AS FINANCIAL DIRECTOR FOR ...
7/11/2007ARM Coal and Xstrata Coal to develop R2.9 billion Goedgevond...
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JSE (ARIM.JSE)BERLIN (EB9.BE)
28,799.00-5.37%8.95-3.24%
JSE
28,799.00
01/15 16:41 -1,633.00
-5.37%
Prev close Open
30,432.00 29,824.00
Low High
28,574.00 30,725.00
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  28,799.00 -%
Volume 1 month var.
684,932 -%
24hGold TrendPower© : 31
Produces Chromium - Cobalt - Copper - Gold - Iron - Manganese - Nickel - Palladium - Platinum - Rhenium
Develops Platinum
Explores for Coal
 
 
 
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