African Rainbow Minerals Ltd

Published : February 17th, 2011

Trading statement in respect of the six months ended 31 December 2010

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Keywords :   Commodities | Dollar | Growth | South Africa |

ARM internal comheader-1-72.jpg

 

Trading statement in respect of the six months ended 31 December 2010

 


Johannesburg, 17 February 2011

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited 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.

ARM?s interim results for the six months to 31 December 2010 (in comparison to the corresponding six months to 31 December 2009) have been positively impacted by a significant improvement in commodity markets and US Dollar prices for commodities. ARM?s results have further benefited from continuing growth as the Company?s key growth projects ramp up production.

The results for the period were however negatively impacted by the strengthening of the Rand versus the US Dollar.

Accordingly, ARM announces that it expects headline earnings per share to increase for the six months ended 31 December 2010 to between 710 and 750 cents per share (1H F2010: 214 cents per share). Basic earnings per share are expected to be in line with headline earnings per share and therefore expected to be in the same range. (1H F2010: 213 cents per share).

The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of ARM.

The company?s full interim results will be released on Monday 28 February 2011.

ENDS

 

For all investor relations queries please contact:

Jongisa Klaas

Corporate Development and Head of Investor Relations

Office: +27 11 779 1507

Mobile: +27(0)82 562 5288

E-mail: jongisa.klaas@arm.co.za

 

________________________________________________________________________________________________________________________________________________________________________________ The information contained in this message is privileged and intended only for the recipients named. If the reader is not a representative of the intended recipient, any review, dissemination or copying of this message or the information it contains is prohibited. If you have received this message in error, please immediately notify the sender, and delete the original message and attachments. ________________________________________________________________________________________________________________________________________________________________________________ This message, including any attachments, is confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and please delete this message and any attachments from your system. If you are not the intended recipient you should not copy this message or its attachments or disclose their contents to any other person. African Rainbow Minerals Limited does not warrant that this e-mail, including any attachments, is virus free. You should therefore take full responsibility for virus checking. African Rainbow Minerals is a limited liability company registered in The Republic of South Africa with registration number 1933/004580/06. The Registered Office address is ARM House, 29 Impala Road, Chislehurston, Sandton, 2146. For further information about African Rainbow Minerals Limited please see our website at www.arm.co.za or refer to any African Rainbow Minerals Limited office.
Data and Statistics for these countries : South Africa | All
Gold and Silver Prices for these countries : South Africa | All

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%9.05+1.12%
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28,799.00
01/15 16:41 -1,633.00
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Year l/h YTD var.
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52 week l/h 52 week var.
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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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