African Rainbow Minerals Limited provides earnings guidance for the six months ended December 31, 2016. For the period, headline earnings per share are expected to increase by between 272% and 288% compared to first half of 2016 to between 867 cents and 903 cents based on weighted average number of shares in issue of 189,529,000 (first half of 2016: 217,550,000). The decrease in the weighted average number of shares in issue at 31 December 2016 in comparison to 31 December 2015, results from the restructuring of the ARM Broad- Based Economic Empowerment Trust. The basic loss per share is expected to improve by between 69% and 75% to a basic loss per share of between 115 cents and 140 cents. The basic loss reported for 1H F2016 was R996 million, while the basic loss per share was 458 cents.