REG - Anglo American PLC - De Beers rough diamond sales cycle 3, 2018

Anglo AmericanAnnouncement

17/04/2018 07:05

RNS Number : 0794L
Anglo American PLC
17 April 2018
 




 


 




17 April 2018




Anglo American rough diamond sales value for De Beers' third sales cycle of 2018




 



Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' third sales cycle of 2018, amounting to $520 million.
 
Bruce Cleaver, CEO of De Beers, said: "While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third sales cycle of 2018 as diamond businesses have focused on restocking following healthy consumer demand for diamond jewellery in the US and China."
 
 






Cycle 3 2018(1)
(provisional)


Cycle 2 2018(2)
(actual)


Cycle 3 2017
 (actual)




Sales value(3)


$520m


$563m


$586m



 
(1)     Cycle 3 2018 provisional sales value represents sales as at 16 April 2018.
(2)     Cycle 2 2018 actual sales value is restated following the earlier publication of a provisional figure for the second 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
James Wyatt-Tilby
james.wyatt-tilby@angloamerican.com
Tel: +44 (0)20 7968 8759
 
Marcelo Esquivel
marcelo.esquivel@angloamerican.com
Tel: +44 (0)20 7968 8891
 
South Africa
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592
 
Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786


 


UK
Paul Galloway
paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8718
 
Robert Greenberg
robert.greenberg@angloamerican.com
Tel: +44 (0)20 7968 2124
 
Sheena Jethwa
sheena.jethwa@angloamerican.com
Tel: +44 (0)20 7968 8680




 


 


 




 


 


 



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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