4th Mar 2020 07:00
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4 March 2020 | |
Anglo American rough diamond sales value for De Beers' second sales cycle of 2020 | |
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Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' second sales cycle of 2020, amounting to $355 million.
Bruce Cleaver, CEO of De Beers Group, said: "Following an improvement in demand for rough diamonds during the first sales cycle of 2020, we recognised the impact of COVID-19 Coronavirus on customers focused on supplying the Chinese market and put in place additional targeted flexibility to enable customers to defer allocations of the relevant rough diamonds."
| Cycle 2 2020(1) (provisional) | Cycle 1 2020(2) (actual) | Cycle 2 2019 (actual) |
Sales value(3) | $355 | $551 | $496 |
(1) Cycle 2 2020 provisional sales value represents sales as at 03 March 2020.
(2) Cycle 1 2020 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2020.
(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.
For further information, please contact:
Media |
| Investors |
UK James Wyatt-Tilby Tel: +44 (0)20 7968 8759
Marcelo Esquivel Tel: +44 (0)20 7968 8891
Katie Ryall Tel: +44 (0) 20 7988 8935
South Africa Pranill Ramchander Tel: +27 (0)11 638 2592
Sibusiso Tshabalala Tel: +27 (0) 11 638 2175 |
| UK Paul Galloway Tel: +44 (0)20 7968 8718
Robert Greenberg Tel: +44 (0)20 7968 2124
Emma Waterworth Tel: +44 20 7968 8574 |
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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 mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast 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 - safely, responsibly and sustainably.
As a responsible miner - of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people's lives.
www.angloamerican.com
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