ANGLO AMERICAN PLATINUM LIMITED Anglo American Platinum Limited ("the Company") will release results for the twelve months ending 31 December 2014 ("the period") on the Johannesburg Stock Exchange News Service ("SENS") on 9 February 2015.
Shareholders are advised that headline earnings and headline earnings per share ("HEPS") for the period are likely to be at least 20% lower (equivalent to at least R290 million and R1.10 per share) than the previous 12 months ended 31 December 2013.
Headline earnings and HEPS reported for the 12 months ended 31 December 2013, as released on SENS on 3 February 2014, ("the comparative period") were R1,451 million and R5.56 respectively. The decrease in headline earnings and HEPS is primarily due to the impact of the five month industrial action which impacted on operational performance.
Basic earnings and basic earnings per share ("EPS") for the period however, are likely to be at least 20% higher (equivalent to at least R275 million and R1.05 per share) than the previous 12 months ended 31 December 2013. Basic earnings and EPS reported for the comparative period were a loss of R1,370 million and R5.25 respectively.
Basic earnings for the period include a gain of R243 million (equivalent to 93 cents per share) arising on the final phase of the refinancing transaction with Atlatsa Resources Corporation and the scrapping of assets of R257 million, after tax and minority interest, (equivalent to 98 cents per share) following the closure of the Union Mine south decline section. Basic earnings reported for the 12 months ended 31 December 2013 included the scrapping of assets of R2,026 million, after tax, (equivalent to R7.76 per share) and R833 million loss (equivalent to R3.19 per share) arising from the acquisition of properties as part of the refinancing transaction with Atlatsa Resources Corporation.
Shareholders are advised that a further trading statement will be issued once the Company has reasonable certainty in providing forecast ranges for HEPS and EPS, as required by JSE Limited Listings Requirements.
The forecast financial information on which this trading statement is based has not been reviewed by or reported on by the Company's external auditors.
Johannesburg
1 December 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
Investors:
Emma Chapman
Tel (UK): +44 (0)20 7968 8451
Tel (SA): +27 (0)11 373 6239
emma.chapman@angloamerican.com
Notes to editors:
Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world's leading primary producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe and is actively exploring in Brazil. Anglo American Platinum has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the transformation of the mining industry. Anglo American Platinum is committed to the highest standards of safety and continues to make meaningful and sustainable difference in the development of the communities around its operations. www.angloamericanplatinum.com
Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from bulk commodities and base metals to precious metals and diamonds (through De Beers) - to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.
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