De Beers rough diamond sales cycle 2, 2018

RNS Number : 7575G

Anglo American PLC

06 March 2018

 

06 March 2018
Anglo American rough diamond sales value for De Beers' second sales cycle of 2018

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' second sales cycle of 2018, amounting to $555 million.

Bruce Cleaver, CEO of De Beers, said: "The second sales cycle of the year saw the continuation of good rough diamond demand. This was in line with expectations, following strong retail sales of diamond jewellery during the US holiday season and positive early signs for consumer demand over Chinese New Year."

	Cycle 2 2018(1) (provisional)	Cycle 1 2018(2) (actual)	Cycle 2 2017  (actual)
Sales value(3)	$555m	$672m	$553m

(1)     Cycle 2 2018 provisional sales value represents sales as at 5 March 2018.

(2)     Cycle 1 2018 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2018.

(3)     Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Kué. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby [e-mail] Tel: [phone] Marcelo Esquivel [e-mail] Tel: [phone] South Africa Pranill Ramchander [e-mail] Tel: [phone] Ann Farndell [e-mail] Tel: [phone]		UK Paul Galloway [e-mail] Tel: [phone] Trevor Dyer [e-mail] Tel: [phone] Sheena Jethwa [e-mail] Tel: [phone]

Notes to editors:

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate - creating sustainable value and making a real difference.

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www.angloamerican.com

 

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