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De Beers rough diamond sales cycle 1, 2020

29 Jan 2020 07:00

RNS Number : 2160B
Anglo American PLC
29 January 2020
 

 

 

29 January 2020

Anglo American rough diamond sales value for De Beers' first sales cycle of 2020

 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' first sales cycle of 2020, amounting to $545 million.

 

Bruce Cleaver, CEO of De Beers Group, said: "Demand for rough diamonds increased during the first Sight of 2020 following the end of year selling season and subsequent inventory restocking."

 

Cycle 1 2020(1)

(provisional)

Cycle 10 2019(2)

(actual)

Cycle 1 2019

 (actual)

Sales value(3)

$545m

$426m

$500m

 

(1) Cycle 1 2020 provisional sales value represents sales as at 28 January 2020.

(2) Cycle 10 2019 actual sales value is restated following the earlier publication of a provisional figure for the tenth 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

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

 

Katie Ryall

katie.ryall@angloamerican.com

Tel: +44 (0) 20 7988 8935

 

South Africa

Pranill Ramchander

pranill.ramchander@angloamerican.com

Tel: +27 (0)11 638 2592

 

Sibusiso Tshabalala

Sibusiso.Tshabalala@angloamerican.com

Tel: +27 (0) 11 638 2175

 

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

 

Emma Waterworth

emma.waterworth@angloamerican.com  

Tel: +44 20 7968 8574

 

 

 

 

 

 

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, greener, more sustainable 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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