De Beers' rough diamond sales value cycle 7, 2016

RNS Number : 0096J

Anglo American PLC

06 September 2016

 

6 September 2016
Anglo American rough diamond sales value for De Beers' seventh sales cycle of 2016

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' seventh sales cycle of 2016, amounting to $630 million, compared with the $528 million value of the sixth sales cycle of 2016.

Bruce Cleaver, CEO of De Beers, said: "We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season."

	Cycle 7 2016(1) (provisional)	Cycle 6 2016(2) (actual)
Sales value(3)	$630m	$528m

(1)     Cycle 7 2016 provisional sales value represents sales as at 5 September 2016.

(2)     Cycle 6 2016 actual sales value is restated following the earlier publication of a provisional figure for the sixth sales cycle of 2016.

(3)     Sales value is quoted in terms of sales by De Beers Global Sightholder Sales and De Beers Auction Sales, and reported on a consolidated accounting basis. 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]		UK Paul Galloway [e-mail] Tel: [phone] Sheena Jethwa [e-mail] Tel: [phone]
South Africa Pranill Ramchander [e-mail] Tel: [phone] Ann Farndell [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 - from diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference.

www.angloamerican.com

 

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