REG - Anglo American PLC - De Beers Sales Cycle 6 <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

01/08/2017 08:00

RNS Number : 6439M
Anglo American PLC
01 August 2017
1 August 2017
Anglo American rough diamond sales value for De Beers' sixth sales cycle of 2017
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' sixth sales cycle of 2017, amounting to $572 million.
Bruce Cleaver, CEO of De Beers, said: "The sixth sales cycle of the year maintained the trend of consistently good demand for De Beers rough diamonds across the product range.
"With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from Sight 7. This was due to these customers needing to make rough diamond purchases in sufficient time to complete their polishing before the holiday begins."
Cycle 6 2017(1)
(provisional)
Cycle 5 2017(2)
(actual)
Cycle 6 2016 (actual)
Sales value(3)
$572m
$541m
$528m
(1) Cycle 6 2017 provisional sales value represents sales as at 31 July 2017.
(2) Cycle 5 2017 actual sales value is restated following the earlier publication of a provisional figure for the fifth sales cycle of 2017.
(3) Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Ku. 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
Trevor Dyer
trevor.dyer@angloamerican.com
Tel: +44 (0)20 7968 8992
Sheena Jethwa
sheena.jethwa@angloamerican.com
Tel: +44 (0)20 7968 8680
Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and 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 long-term value that those resources represent for our shareholders and for the communities and countries in which we operate - creating sustainable value and making a real difference.
www.angloamerican.com

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