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Anglo American PLC (AAL)

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Tuesday 05 March, 2019

Anglo American PLC

De Beers rough diamond sales cycle 2, 2019

RNS Number : 8075R
Anglo American PLC
05 March 2019
 

 

 

05 March 2019

Anglo American rough diamond sales value for De Beers' second sales cycle of 2019

 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' second sales cycle of 2019, amounting to $490 million.

 

Bruce Cleaver, CEO of De Beers Group, said: "Demand for rough diamonds remained consistent during the second sales cycle of 2019. While overall demand for lower value rough diamonds remain subdued we did see an increase in demand from India as factories begin to restock."

 

 

Cycle 2 2019(1)

(provisional)

Cycle 1 2019(2)

(actual)

Cycle 2 2018

 (actual)

Sales value(3)

$490m

$500m

$563m

 

(1)     Cycle 2 2019 provisional sales value represents sales as at 4 March 2019.

(2)     Cycle 1 2019 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2019.

(3)     Sales values are quoted 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

[email protected]

Tel: +44 (0)20 7968 8759

 

Marcelo Esquivel

[email protected]

Tel: +44 (0)20 7968 8891

 

South Africa

Pranill Ramchander

[email protected]

Tel: +27 (0)11 638 2592

 

Ann Farndell

[email protected]

Tel: +27 (0)11 638 2786

 

UK

Paul Galloway

[email protected]

Tel: +44 (0)20 7968 8718

 

Robert Greenberg

[email protected]

Tel: +44 (0)20 7968 2124

 

Emma Waterworth

[email protected]

Tel: +44 20 7968 8574

 

 

 

 

 

 

Notes to editors:

 

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast growing consumer-driven demands of the world's developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world - safely, responsibly and sustainably.

 

As a responsible miner - of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people's lives.

www.angloamerican.com

 

     

 

Legal Entity Identifier: 549300S9XF92D1X8ME43

 


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