ANGLO AMERICAN PLC (LON:AAL) De Beers rough diamond sales cycle 3, 2018

Transparency directive : regulatory news

17/04/2018 07:00
Anglo American PLC  -  AAL   

De Beers rough diamond sales cycle 3, 2018


Released 07:00 17-Apr-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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