Anglo American PLC De Beers rough diamond sales cycle 3, 2021 (5911U)

TIDMAAL

RNS Number : 5911U

Anglo American PLC

07 April 2021

 
7 April 2021 
Anglo American rough diamond sales value for De Beers' third 
 sales cycle of 2021 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' third sales cycle of 2021, amounting to $440 million.

 
                 Cycle 3 2021(1)  Cycle 2 2021(2)  Cycle 3 2020 
                  (provisional)       (actual)        (actual) 
Sales value(3)        $440m            $550m            - 
                 ---------------  ---------------  ------------ 
 
   (1)     Cycle 3 2021 provisional sales value represents sales as at 6 April 2021 

(2) Cycle 2 2021 actual sales value represents sales between the dates of 22 February and 8 March.

(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 third sales cycle of 2021, with the sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for cycle 3 represents the expected sales value for the period 22 March to 6 April and remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said: "Following a good holiday season and that trend continuing during the first quarter of 2021, we have again seen solid demand for rough diamonds as we begin a traditionally quieter period of the year for the diamond industry. Sales were in line with expectations and both market sentiment and overall industry conditions remain positive. However, with pandemic developments in Europe and Mumbai's recent lockdown resulting in the Bharat Diamond Bourse being closed, it is clear that we will continue to see challenges relating to Covid-19."

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 
  Nevashnee Naicker 
  [e-mail] 
  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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April 07, 2021 02:00 ET (06:00 GMT)