Anglo American PLC De Beers rough diamond sales cycle 3, 2021 (5911U)
07 April 2021 - 4:00PM
UK Regulatory
TIDMAAL
RNS Number : 5911U
Anglo American PLC
07 April 2021
7 April 2021
Anglo American rough diamond sales value for De Beers' third
sales cycle of 2021
Anglo American plc announces the value of rough diamond sales
(Global Sightholder Sales and Auctions) for De Beers' third sales
cycle of 2021, amounting to $440 million.
Cycle 3 2021(1) Cycle 2 2021(2) Cycle 3 2020
(provisional) (actual) (actual)
Sales value(3) $440m $550m -
--------------- --------------- ------------
(1) Cycle 3 2021 provisional sales value represents sales as at 6 April 2021
(2) Cycle 2 2021 actual sales value represents sales between the
dates of 22 February and 8 March.
(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 third sales cycle of 2021, with the sight event
extended beyond its normal week-long duration. As a result, the
provisional rough diamond sales figure quoted for cycle 3
represents the expected sales value for the period 22 March to 6
April and remains subject to adjustment based on final completed
sales.
Bruce Cleaver, CEO, De Beers Group, said: "Following a good
holiday season and that trend continuing during the first quarter
of 2021, we have again seen solid demand for rough diamonds as we
begin a traditionally quieter period of the year for the diamond
industry. Sales were in line with expectations and both market
sentiment and overall industry conditions remain positive. However,
with pandemic developments in Europe and Mumbai's recent lockdown
resulting in the Bharat Diamond Bourse being closed, it is clear
that we will continue to see challenges relating to Covid-19."
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
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
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
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCIFMLTMTTMBMB
(END) Dow Jones Newswires
April 07, 2021 02:00 ET (06:00 GMT)
Anglo American (LSE:AAL)
Historical Stock Chart
From Apr 2024 to May 2024
Anglo American (LSE:AAL)
Historical Stock Chart
From May 2023 to May 2024