TIDMAAL

RNS Number : 7100S

Anglo American PLC

08 November 2023

 
8 November 2023 
Anglo American rough diamond sales value for De Beers' ninth 
 sales cycle of 2023 
 
 

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' ninth sales cycle of 2023, amounting to $80 million.

 
                  Cycle 9 2023(1)   Cycle 8 2023(2)   Cycle 9 2022 
                   (provisional)       (actual)         (actual) 
Sales value(3)         $80m             $200m            $454m 
                 ----------------  ----------------  ------------- 
 

(1) Cycle 9 2023 provisional sales value represents sales as at 3 November 2023.

(2) Cycle 8 2023 actual sales value represents sales between the dates of 18 September and 3 October.

(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.

The provisional rough diamond sales figure quoted for Cycle 9 represents the expected sales value for the period between 4 October and 3 November and remains subject to adjustment based on final completed sales.

Al Cook, CEO of De Beers, said: "Macro-economic challenges continue to affect the diamond sector. The retail recovery in China remains slow. And the voluntary import moratorium on rough diamonds into India will see extended Diwali holidays and factory closures in the world's largest diamond cutting centre. In recognition of these conditions, De Beers continued with reduced rough diamond availability in the ninth sales cycle of 2023. De Beers maintained support for its Sightholders with full purchase flexibility as the midstream re-establishes an equilibrium between wholesale supply and demand."

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                               Emma Waterworth 
  marcelo.esquivel@angloamerican.com             Emma.waterworth@angloamerican.com 
  Tel: +44 (0)20 7968 8891                       Tel: +44 (0) 20 7968 
                                                 8574 
  Rebecca Meeson-Frizelle 
  Rebecca.meeson-frizelle@angloamerican.com      Juliet Newth 
  Tel: + 44 (0)20 7968 1374                      juliet.newth@angloamerican.com 
                                                 Tel: +44 (0)20 7968 8830 
 
  South Africa                                   Michelle Jarman 
  Nevashnee Naicker                              michelle.jarman@angloamerican.com 
  nevashnee.naicker@angloamerican.com            Tel: +44 (0)20 7968 1494 
  Tel: +27 (0)11 638 3189 
 
  Sibusiso Tshabalala 
  sibusiso.tshabalala@angloamerican.com 
  Tel: +27 (0)11 638 2175 
 
 
 

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, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers - safely and sustainably.

As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore and steelmaking coal - with crop nutrients in development - we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring 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

Forward-looking statements:

This document includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, those regarding Anglo American's financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to Anglo American's products, production forecasts and Ore Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations, are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American's present and future business strategies and the environment in which Anglo American will operate in the future. Important factors that could cause Anglo American's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American's assets and changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo American's most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its historical published earnings per share. Certain statistical and other information about Anglo American included in this document is sourced from publicly available third party sources. As such it has not been independently verified and presents the views of those third parties, but may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43

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