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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Anglo American Plc | LSE:AAL | London | Ordinary Share | GB00B1XZS820 | ORD USD0.54945 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 32.00 | 1.20% | 2,693.50 | 2,681.00 | 2,684.00 | 2,776.50 | 2,646.50 | 2,750.00 | 5,183,657 | 16:35:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 30.84B | 283M | 0.2116 | 126.82 | 35.89B |
From May 2019 to May 2024
By Alex MacDonald
LONDON--Anglo American PLC (AAL.LN) said Tuesday its majority-owned diamond unit De Beers reported lower rough diamond sales in line with a seasonal slowdown in buying activity but noted that demand remains stable after the miner took action last year to curb output and reduce a buildup of polished diamond inventories that was weighing on rough diamond demand.
De Beers, one of the world's largest rough diamond producers and Anglo American's second-largest earnings driver last year, disclosed more details about its rough diamond sales to improve industry transparency.
De Beers generated $630 million from provisional rough diamond sales during the fourth sales cycle of 2016, ended May 23, down from $666 million from the third sales cycle in April.
"As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016," said Philippe Mellier, chief executive of De Beers Group.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
May 24, 2016 03:39 ET (07:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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