date:Sep 17, 2012
er export earnings, will more than offset increased operating costs in local currency terms. However, the devaluation will result in an overall small negative impact on profit when translated into sterling.
As announced in July, Illovos 15m investment in pre-project expenditure in Mali has been written off and charged as a loss on closure of businesses in the income statement. This charge is expected to be largely offset by the realisation of deferred profit on the disposal, in November 2009, o