De Beers rough diamond sales cycle 7, 2017

RNS Number : 7890P

Anglo American PLC

05 September 2017

 

5 September 2017
Anglo American rough diamond sales value for De Beers' seventh sales cycle of 2017

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' seventh sales cycle of 2017, amounting to $505 million.

Bruce Cleaver, CEO of De Beers, said: "As expected, rough diamond sales were somewhat lower in the seventh cycle of the year, with some midstream demand having already been brought forward into Cycle 6 due to Diwali being earlier than normal in 2017.

"Businesses in the diamond industry's midstream segment are adopting a watchful approach as attention now turns to the Hong Kong Jewellery & Gem Fair in mid-September."

	Cycle 7 2017(1) (provisional)	Cycle 6 2017(2) (actual)	Cycle 7 2016  (actual)
Sales value(3)	$505m	$576m	$639m

(1)     Cycle 7 2017 provisional sales value represents sales as at 4 September 2017.

(2)     Cycle 6 2017 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2017.

(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.

www.angloamerican.com

 

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