Anglo American PLC De Beers agreement to acquire Peregrine Diamonds (1888V)

TIDMAAL

RNS Number : 1888V

Anglo American PLC

19 July 2018

 
19 July 2018 
De Beers Group announcement 
 
 

Anglo American plc notes the announcement by De Beers Group about the agreement reached by De Beers Canada to acquire 100% of the outstanding securities of Peregrine Diamonds Ltd (TSX: PGD) ("Peregrine"), owner of the high quality Chidliak diamond resource located in Canada's Nunavut Territory, at a purchase price of C$0.24 per share, for a total cash consideration of approximately C$107 million (approximately US$81 million).

The full announcement is available on the De Beers Group website via http://www.debeersgroup.com/en/news/company-news/company-news.html

For further information, please contact:

 
 Media                                     Investors 
 UK                                        UK 
  James Wyatt-Tilby                         Paul Galloway 
  [e-mail]       [e-mail] 
  Tel: [phone]                  Tel: [phone] 
  Marcelo Esquivel                          Robert Greenberg 
  [e-mail]        [e-mail] 
  Tel: [phone]                  Tel: [phone] 
  South Africa                              Sheena Jethwa 
  Pranill Ramchander                        [e-mail] 
  [e-mail]      Tel: [phone] 
  Tel: [phone] 
  Ann Farndell 
  [e-mail] 
  Tel: [phone] 
 
 
 

Notes to editors:

Anglo American is a global diversified mining business 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 to meet the 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.

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 sustainable value that those resources represent for our shareholders, the communities and countries in which we operate and for society at large. Anglo American is re-imagining mining to improve people's lives.

www.angloamerican.com

Legal Entity Identifier: 549300S9XF92D1X8ME43

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July 19, 2018 08:35 ET (12:35 GMT)