Earnings Release • Nov 13, 2019
Earnings Release
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National Storage Mechanism | Additional information
RNS Number : 1785T
Anglo American PLC
13 November 2019
| 13 November 2019 | |
| Anglo American rough diamond sales value for De Beers' ninth sales cycle of 2019 | |
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' ninth sales cycle of 2019, amounting to $390 million.
Bruce Cleaver, CEO, De Beers Group, said: "With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers. Global consumer demand for diamond jewellery at the retail level continues to be broadly stable but, with midstream trading conditions still in the process of rebalancing, we offered Sightholders further flexibility during the Sight to provide support."
| Cycle 9 2019(1) (provisional) |
Cycle 8 2019(2) (actual) |
Cycle 9 2018 (actual) |
|
| Sales value(3) | $390m | $297m | $442m |
(1) Cycle 9 2019 provisional sales value represents sales as at 12 November 2019.
(2) Cycle 8 2019 actual sales value is restated following the earlier publication of a provisional figure for the eighth 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 [email protected] Tel: +44 (0)20 7968 8759 Marcelo Esquivel [email protected] Tel: +44 (0)20 7968 8891 Katie Ryall [email protected] Tel: +44 (0) 20 7988 8935 South Africa Pranill Ramchander [email protected] Tel: +27 (0)11 638 2592 Sibusiso Tshabalala [email protected] Tel: +27 (0) 11 638 2175 |
UK Paul Galloway [email protected] Tel: +44 (0)20 7968 8718 Robert Greenberg [email protected] Tel: +44 (0)20 7968 2124 Emma Waterworth [email protected] 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, more electrified 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.
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 [email protected] or visit www.rns.com.
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