Anglo American PLC De Beers rough diamond sales cycle 7, 2019

Data : 28/08/2019 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Anglo American Plc (AAL)
Quotazione : 1947.4  47.6 (2.51%) @ 10:43
Quotazione Anglo American Grafico

Anglo American PLC De Beers rough diamond sales cycle 7, 2019

TIDMAAL

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:

 
 Media                                      Investors 
 UK                                         UK 
  James Wyatt-Tilby                          Paul Galloway 
  james.wyatt-tilby@angloamerican.com        paul.galloway@angloamerican.com 
  Tel: +44 (0)20 7968 8759                   Tel: +44 (0)20 7968 8718 
                                             Robert Greenberg 
  Marcelo Esquivel                           robert.greenberg@angloamerican.com 
  marcelo.esquivel@angloamerican.com         Tel: +44 (0)20 7968 2124 
  Tel: +44 (0)20 7968 8891 
  South Africa                               Emma Waterworth 
  Pranill Ramchander                         emma.waterworth@angloamerican.com 
  pranill.ramchander@angloamerican.com       Tel: +44 20 7968 8574 
  Tel: +27 (0)11 638 2592 
  Sibusiso Tshabalala 
  Sibusiso.Tshabalala@angloamerican.com 
  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.

www.angloamerican.com

Legal Entity Identifier: 549300S9XF92D1X8ME43

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 28, 2019 02:00 ET (06:00 GMT)

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