Anglo American PLC De Beers rough diamond sales cycle 7, 2018 (3202A)
September 11 2018 - 1:00AM
UK Regulatory
TIDMAAL
RNS Number : 3202A
Anglo American PLC
11 September 2018
11 September 2018
Anglo American rough diamond sales value for De Beers' seventh
sales cycle of 2018
Anglo American plc announces the value of rough diamond sales
(Global Sightholder Sales and Auction Sales) for De Beers' seventh
sales cycle of 2018, amounting to $505 million.
Bruce Cleaver, CEO of De Beers Group, said: "De Beers Group
provided Sightholders with the opportunity to re-phase the
allocation of some smaller, lower value rough diamonds. Demand
remains stable ahead of the September Hong Kong Jewellery & Gem
Fair."
Cycle 7 2018(1) Cycle 6 2018(2) Cycle 7 2017
(provisional) (actual) (actual)
Sales value(3) $505m $533m $507m
--------------- --------------- ------------
(1) Cycle 7 2018 provisional sales value represents sales as at 10 September 2018.
(2) Cycle 6 2018 actual sales value is restated following the
earlier publication of a provisional figure for the sixth sales
cycle of 2018.
(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 Robert Greenberg
marcelo.esquivel@angloamerican.com robert.greenberg@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 2124
South Africa Emma Waterworth
Pranill Ramchander emma.waterworth@angloamerican.com
pranill.ramchander@angloamerican.com Tel: +44 20 7968 8574
Tel: +27 (0)11 638 2592
Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786
Notes to editors:
Anglo American is a global diversified mining business 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 to meet the 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.
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
sustainable value that those resources represent for our
shareholders, the communities and countries in which we operate and
for society at large. 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.
END
UPDLMMITMBIBBPP
(END) Dow Jones Newswires
September 11, 2018 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