AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Anglo American PLC

Capital/Financing Update May 22, 2018

4786_rns_2018-05-22_1410a695-723b-4033-9689-a6e75ad370aa.html

Capital/Financing Update

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 7822O

Anglo American PLC

22 May 2018

22 May 2018
Anglo American rough diamond sales value for De Beers' fourth sales cycle of 2018

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' fourth sales cycle of 2018, amounting to $550 million.

Bruce Cleaver, CEO of De Beers, said: "In the fourth sales cycle of the year we saw robust demand for De Beers' rough diamonds, reflecting continued strong demand for diamond jewellery, especially from American consumers as we head towards the important JCK Las Vegas trade show at the start of June."

Cycle 4 2018(1)

(provisional)
Cycle 3 2018(2)

(actual)
Cycle 4 2017

 (actual)
Sales value(3) $550m $524m $522m

(1)     Cycle 4 2018 provisional sales value represents sales as at 21 May 2018.

(2)     Cycle 3 2018 actual sales value is restated following the earlier publication of a provisional figure for the third 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

[email protected]

Tel: +44 (0)20 7968 8759

Marcelo Esquivel

[email protected]

Tel: +44 (0)20 7968 8891

South Africa

Pranill Ramchander

[email protected]

Tel: +27 (0)11 638 2592

Ann Farndell

[email protected]

Tel: +27 (0)11 638 2786
UK

Paul Galloway

[email protected]

Tel: +44 (0)20 7968 8718

Robert Greenberg

[email protected]

Tel: +44 (0)20 7968 2124

Sheena Jethwa

[email protected]

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

     

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 [email protected] or visit www.rns.com.

END

MSCBUGDUSUDBGIB

Talk to a Data Expert

Have a question? We'll get back to you promptly.