Exxaro Resources expected headline earnings a share for last year to fall by up to 40 percent from the previous year, the diversified mining company said on Friday.

Headline earnings a share would probably be between R12.61 and R14.43.

Attributable earnings a share would increase by between 18 percent and 27 percent.

“The profit realised on the sale of the mineral sands and Rosh Pinah operations in mid-2012 is expected to result in an increase in attributable earnings when compared with the corresponding period in 2011,” it said.

Exxaro will release its results on March 7.

Exxaro shares fell 1.09 percent to R172.10 on Friday. – Dineo Faku