Anglo American PLC De Beers rough diamond sales cycle 9, 2017 (3655W)

TIDMAAL

RNS Number : 3655W

Anglo American PLC

14 November 2017

 
 
14 November 2017 
Anglo American rough diamond sales value for 
De Beers' ninth sales cycle of 2017 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' ninth sales cycle of 2017, amounting to $455 million.

Bruce Cleaver, CEO of De Beers, said: "Following a seasonally quieter period for rough diamond sales, Cycle 9 saw an uptick in demand from our customers as retail orders increase ahead of the Christmas season."

 
                 Cycle 9 2017(1)  Cycle 8 2017(2)  Cycle 9 2016 (actual) 
                  (provisional)       (actual) 
---------------  ---------------  ---------------  --------------------- 
Sales value(3)        $455m            $376m               $476m 
---------------  ---------------  ---------------  --------------------- 
 
   (1)     Cycle 9 2017 provisional sales value represents sales as at 13 November 2017. 

(2) Cycle 8 2017 actual sales value is restated following the earlier publication of a provisional figure for the eighth 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] 
  Marcelo Esquivel                          8718 
  [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

This information is provided by RNS

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November 14, 2017 03:00 ET (08:00 GMT)