Anglo American: De Beers’ rough diamond value in the fourth sales cycle of 2017 was $520 million

LONDON, 17-May-2017 — /EuropaWire/ — Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fourth sales cycle of 2017, amounting to $520 million.

Bruce Cleaver, CEO of De Beers, said: “We are continuing to see steady demand for rough diamonds, despite the industry entering a typically quieter season. Sentiment remains positive as we head towards the important Las Vegas trade show in early June.”

_{(1) Cycle 4 2017 provisional sales value represents sales as at 15 May 2017.
(2) Cycle 3 2017 actual sales value is restated following the earlier publication of a provisional figure for the third 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.}

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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), platinum and other precious metals, copper, nickel, iron ore and coal – 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

SOURCE: Anglo American