Anglo American PLC De Beers rough diamond sales cycle 10, 2020 (9035I)

TIDMAAL

RNS Number : 9035I

Anglo American PLC

17 December 2020

 
 
17 December 2020 
Anglo American rough diamond sales value for De Beers' tenth 
sales cycle of 2020 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' tenth sales cycle of 2020, amounting to $440 million.

 
                 Cycle 10 2020(1)  Cycle 9 2020(2)  Cycle 10 2019 
                   (provisional)       (actual)        (actual) 
Sales value(3)        $440m             $462m           $426m 
                 ----------------  ---------------  ------------- 
 
   (1)     Cycle 10 2020 provisional sales value represents sales as at 16 December 2020 

(2) Cycle 9 2020 actual sales value represents sales between the dates of 2 November and 16 November.

(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.

Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the tenth sales cycle of 2020, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 10 represents the expected sales value for the period 7 December to 16 December and remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said: "Positive consumer demand for diamond jewellery as we enter the holiday season is supporting the continuation of retail orders for polished diamonds from the diamond industry's midstream sector. This in turn supported steady demand for De Beers rough diamonds at our final sales cycle of 2020. While the diamond industry ends the year on a positive note, we must recognise the risks that the ongoing Covid-19 pandemic presents to sector recovery both for the rest of this year and as we head into 2021."

For further information, please contact:

 
 Media                                      Investors 
 UK                                         UK 
  James Wyatt-Tilby                          Paul Galloway 
  [e-mail]        [e-mail] 
                                             Robert Greenberg 
  Marcelo Esquivel                           [e-mail] 
  [e-mail] 
  Katie Ryall                                Emma Waterworth 
  [e-mail]              [e-mail] 
  South Africa 
  Sibusiso Tshabalala 
  [e-mail] 
  Nomonde Ndwalaza 
  [e-mail] 
 
 
 

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 operations, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to mine, process, move and market our products to our customers - and to discover new resources - safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment - we are committed to being carbon neutral across our operations by 2040. We work together with our business partners and diverse stakeholders to unlock sustainable value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people's lives.

www.angloamerican.com

Legal Entity Identifier: 549300S9XF92D1X8ME43

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December 17, 2020 02:00 ET (07:00 GMT)