Anglo American PLC De Beers rough diamond sales cycle 4, 2019 (6199Z)

TIDMAAL

RNS Number : 6199Z

Anglo American PLC

21 May 2019

 
 
21 May 2019 
Anglo American rough diamond sales value for De Beers' fourth 
sales cycle of 2019 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' fourth sales cycle of 2019, amounting to $415 million.

Bruce Cleaver, CEO, De Beers Group, said: "Cycle four saw lower rough diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period."

 
                 Cycle 4 2019(1)  Cycle 3 2019(2)  Cycle 4 2018 
                  (provisional)       (actual)        (actual) 
Sales value(3)        $415m            $581m          $554m 
                 ---------------  ---------------  ------------ 
 
   (1)     Cycle 4 2019 provisional sales value represents sales as at 20 May 2019. 

(2) Cycle 3 2019 actual sales value is restated following the earlier publication of a provisional figure for the third 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                                        UK 
  James Wyatt-Tilby                         Paul Galloway 
  [e-mail]       [e-mail] 
  Tel: [phone]                  Tel: [phone] 
                                            Robert Greenberg 
  Marcelo Esquivel                          [e-mail] 
  [e-mail]        Tel: [phone] 
  Tel: [phone] 
  South Africa                              Emma Waterworth 
  Pranill Ramchander                        [e-mail] 
  [e-mail]      Tel: [phone] 
  Tel: [phone] 
  Ann Farndell 
  [e-mail] 
  Tel: [phone] 
 
 
 

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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May 21, 2019 02:00 ET (06:00 GMT)