Anglo American PLC De Beers rough diamond sales value cycle 4, 2018 (7822O)

TIDMAAL

RNS Number : 7822O

Anglo American PLC

22 May 2018

 
 
22 May 2018 
Anglo American rough diamond sales value for De Beers' fourth 
sales cycle of 2018 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' fourth sales cycle of 2018, amounting to $550 million.

Bruce Cleaver, CEO of De Beers, said: "In the fourth sales cycle of the year we saw robust demand for De Beers' rough diamonds, reflecting continued strong demand for diamond jewellery, especially from American consumers as we head towards the important JCK Las Vegas trade show at the start of June."

 
                 Cycle 4 2018(1)  Cycle 3 2018(2)  Cycle 4 2017 
                  (provisional)       (actual)        (actual) 
Sales value(3)        $550m            $524m          $522m 
                 ---------------  ---------------  ------------ 
 
   (1)     Cycle 4 2018 provisional sales value represents sales as at 21 May 2018. 

(2) Cycle 3 2018 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2018.

   (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                          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

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May 22, 2018 02:00 ET (06:00 GMT)