African Minerals Limited announced unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company announced that 2013 audited accounts are consistent with the unaudited preliminary announcement released on April 3, 2014, except for an adjustment to reflect the recently announced outcome of the renaissance capital litigation claim. The outcome of this litigation, an additional expense of $37 million has been recognized in the consolidated income statement for the year ended December 31, 2013.

This charge has been treated as a special item as it is non-recurring and unrelated to underlying trading performance. The company's financial KPIs by which the company judge its business performance (EBITDA, Free Cash Flow, C1 and "All-in" cash costs, net debt) remain unchanged. Operating loss (after special items) has increased from $32.5 million to $69.5 million.

Loss after taxation for the year has increased from $52.6 million to $89.6 million.