RNS Number : 3238K
Anglo American PLC
28 August 2019
28 August 2019
Anglo American rough diamond sales value for De Beers' seventh
sales cycle of 2019
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' seventh sales cycle of 2019, amounting to $280 million.
Bruce Cleaver, CEO, De Beers Group, said: "With midstream participants continuing to work down polished diamond inventory levels and reduced levels of manufacturing in the key cutting centres, De Beers Group provided customers with further supply flexibility during the seventh cycle of 2019."
Cycle 7 2019(1) Cycle 6 2019(2) Cycle 7 2018
(provisional) (actual) (actual)
Sales value(3) $280m $250m $503m
--------------- --------------- ------------
(1) Cycle 7 2019 provisional sales value represents sales as at 27 August 2019.
(2) Cycle 6 2019 actual sales value is restated following the earlier publication of a provisional figure for the sixth 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:
James Wyatt-Tilby Paul Galloway
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel firstname.lastname@example.org
email@example.com Tel: +44 (0)20 7968 2124
Tel: +44 (0)20 7968 8891
South Africa Emma Waterworth
Pranill Ramchander firstname.lastname@example.org
email@example.com Tel: +44 20 7968 8574
Tel: +27 (0)11 638 2592
Tel: +27 (0) 11 638 2175
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.
Legal Entity Identifier: 549300S9XF92D1X8ME43
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(END) Dow Jones Newswires
August 28, 2019 02:00 ET (06:00 GMT)