Anglo American PLC De Beers rough diamond sales Cycle 10, 2017 (0207Z)
12 December 2017 - 7:00PM
UK Regulatory
TIDMAAL
RNS Number : 0207Z
Anglo American PLC
12 December 2017
12 December 2017
Anglo American rough diamond sales value for
De Beers' tenth sales cycle of 2017
Anglo American plc announces the value of rough diamond sales
(Global Sightholder Sales and Auction Sales) for De Beers' tenth
sales cycle of 2017, amounting to $450 million.
Bruce Cleaver, CEO of De Beers, said: "The tenth sales cycle of
the year saw the continuation of good demand for De Beers rough
diamonds as we head towards the end of 2017. Demand was broadly
stable on the levels seen in Cycle 9, with sales slightly ahead of
the equivalent period in 2016."
Cycle 10 2017(1) Cycle 9 2017(2) Cycle 10 2016 (actual)
(provisional) (actual)
--------------- ---------------- --------------- ----------------------
Sales value(3) $450m $466m $422m
--------------- ---------------- --------------- ----------------------
(1) Cycle 10 2017 provisional sales value represents sales as at 11 December 2017.
(2) Cycle 9 2017 actual sales value is restated following the
earlier publication of a provisional figure for the ninth 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 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 UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968
8718
Marcelo Esquivel
marcelo.esquivel@angloamerican.com Trevor Dyer
Tel: +44 (0)20 7968 8891 trevor.dyer@angloamerican.com
South Africa Tel: +44 (0)20 7968
Pranill Ramchander 8992
pranill.ramchander@angloamerican.com Sheena Jethwa
Tel: +27 (0)11 638 2592 sheena.jethwa@angloamerican.com
Ann Farndell Tel: +44 (0)20 7968
ann.farndell@angloamerican.com 8680
Tel: +27 (0)11 638 2786
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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