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Name | Symbol | Market | Type |
---|---|---|---|
Anglo American PLC (QX) | USOTC:NGLOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -0.18% | 16.37 | 16.36 | 17.25 | 16.6399 | 16.30 | 16.33 | 199,604 | 21:57:00 |
By Ian Walker
Anglo American PLC (AAL.LN) said Wednesday that its majority-owned De Beers Group sold 28% more rough diamonds in the first sales cycle of the year than the previous cycle.
The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $545 million of rough diamonds in the first cycle of the year compared with $426 million for the 10th cycle of last year
In the first cycle of 2019, De Beers sold $500 million of rough diamonds.
"Demand for rough diamonds increased...following the end-of-year selling season and subsequent inventory restocking," De Beers Chief Executive Bruce Cleaver said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 29, 2020 02:29 ET (07:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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