Anglo American PLC De Beers rough diamond sales Cycle 10, 2017 (0207Z)

TIDMAAL

RNS Number : 0207Z

Anglo American PLC

12 December 2017

 
 
12 December 2017 
Anglo American rough diamond sales value for 
De Beers' tenth sales cycle of 2017 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' tenth sales cycle of 2017, amounting to $450 million.

Bruce Cleaver, CEO of De Beers, said: "The tenth sales cycle of the year saw the continuation of good demand for De Beers rough diamonds as we head towards the end of 2017. Demand was broadly stable on the levels seen in Cycle 9, with sales slightly ahead of the equivalent period in 2016."

 
                 Cycle 10 2017(1)  Cycle 9 2017(2)  Cycle 10 2016 (actual) 
                   (provisional)       (actual) 
---------------  ----------------  ---------------  ---------------------- 
Sales value(3)        $450m             $466m               $422m 
---------------  ----------------  ---------------  ---------------------- 
 
   (1)     Cycle 10 2017 provisional sales value represents sales as at 11 December 2017. 

(2) Cycle 9 2017 actual sales value is restated following the earlier publication of a provisional figure for the ninth 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                                        UK 
  James Wyatt-Tilby                         Paul Galloway 
  [e-mail]       [e-mail] 
  Tel: [phone]                  Tel: [phone] 
                                            8718 
  Marcelo Esquivel 
  [e-mail]        Trevor Dyer 
  Tel: [phone]                  [e-mail] 
  South Africa                              Tel: [phone] 
  Pranill Ramchander                        8992 
  [e-mail]      Sheena Jethwa 
  Tel: [phone]                   [e-mail] 
  Ann Farndell                              Tel: [phone] 
  [e-mail]            8680 
  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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December 12, 2017 03:00 ET (08:00 GMT)