Bloomberg News

AngloGold, ArcelorMittal, Randgold: South African Equity Preview

July 13, 2011

July 13 (Bloomberg) -- The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

The FTSE/JSE Africa All Share Index rose 81.53, or 0.3 percent, to 31,926.55 at the 5 p.m. close of trading in Johannesburg.

AngloGold Ashanti Ltd. (ANG SJ): Wage talks continue between labor unions and gold companies. AngloGold, the world’s third-biggest gold producer, advanced 1.3 percent to 290.35 rand. Gold Fields Ltd. (GFI SJ) gained 3.1 percent to 102.43 rand. Harmony Gold Mining Co. (HAR SJ) jumped 1.6 percent to 90.70 rand.

ArcelorMittal South Africa Ltd. (ACL SJ): South African steel and engineering workers continue a wage strike. The local unit of the world’s biggest steelmaker fell 0.5 percent to 77.78 rand.

Randgold & Exploration Co. (RNG SJ): The exploration and mining investment company said it expects to report basic earnings of between 60 cents and 85 cents per share for the six months to June 30, down from 11.03 rand a year earlier. Its stock gained 1.6 percent to 2.50 rand.

--Editors: Alex Nicholson, Cecile Gutscher

To contact the reporter on this story: Franz Wild in Johannesburg at fwild@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.


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