Anglo American PLC De Beers rough diamond sales cycle 10, 2020 (9035I)
17 December 2020 - 6:00PM
UK Regulatory
TIDMAAL
RNS Number : 9035I
Anglo American PLC
17 December 2020
17 December 2020
Anglo American rough diamond sales value for De Beers' tenth
sales cycle of 2020
Anglo American plc announces the value of rough diamond sales
(Global Sightholder Sales and Auctions) for De Beers' tenth sales
cycle of 2020, amounting to $440 million.
Cycle 10 2020(1) Cycle 9 2020(2) Cycle 10 2019
(provisional) (actual) (actual)
Sales value(3) $440m $462m $426m
---------------- --------------- -------------
(1) Cycle 10 2020 provisional sales value represents sales as at 16 December 2020
(2) Cycle 9 2020 actual sales value represents sales between the
dates of 2 November and 16 November.
(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.
Owing to the restrictions on the movement of people and products
in various jurisdictions around the globe, De Beers Group has
continued to implement a more flexible approach to rough diamond
sales during the tenth sales cycle of 2020, with the Sight event
extended beyond its normal week-long duration. As a result, the
provisional rough diamond sales figure quoted for Cycle 10
represents the expected sales value for the period 7 December to 16
December and remains subject to adjustment based on final completed
sales.
Bruce Cleaver, CEO, De Beers Group, said: "Positive consumer
demand for diamond jewellery as we enter the holiday season is
supporting the continuation of retail orders for polished diamonds
from the diamond industry's midstream sector. This in turn
supported steady demand for De Beers rough diamonds at our final
sales cycle of 2020. While the diamond industry ends the year on a
positive note, we must recognise the risks that the ongoing
Covid-19 pandemic presents to sector recovery both for the rest of
this year and as we head into 2021."
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Robert Greenberg
Marcelo Esquivel robert.greenberg@angloamerican.com
marcelo.esquivel@angloamerican.com
Katie Ryall Emma Waterworth
katie.ryall@angloamerican.com emma.waterworth@angloamerican.com
South Africa
Sibusiso Tshabalala
Sibusiso.Tshabalala@angloamerican.com
Nomonde Ndwalaza
Nomonde.ndwalaza@angloamerican.com
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 operations,
development projects and undeveloped resources, provides many of
the metals and minerals that enable a cleaner, greener, more
sustainable world and that meet the fast growing consumer-driven
demands of developed and maturing economies. With our people at the
heart of our business, we use innovative practices and the latest
technologies to mine, process, move and market our products to our
customers - and to discover new resources - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, the steelmaking ingredients of iron
ore and metallurgical coal, and nickel - with crop nutrients in
development and thermal coal operations planned for divestment - we
are committed to being carbon neutral across our operations by
2040. We work together with our business partners and diverse
stakeholders to unlock sustainable value from precious natural
resources for the benefit of the communities and countries in which
we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
Legal Entity Identifier: 549300S9XF92D1X8ME43
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