20th Nov 2018 07:00
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20 November 2018 | |
Anglo American rough diamond sales value for De Beers' ninth sales cycle of 2018 | |
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Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' ninth sales cycle of 2018, amounting to $440 million.
Bruce Cleaver, CEO of De Beers Group, said: "As the industry's focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali."
Cycle 9 2018(1) (provisional) | Cycle 8 2018(2) (actual) | Cycle 9 2017 (actual) | |
Sales value(3) | $440m | $482m | $466m |
(1) Cycle 9 2018 provisional sales value represents sales as at 19 November 2018.
(2) Cycle 8 2018 actual sales value is restated following the earlier publication of a provisional figure for the eighth sales cycle of 2018.
(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
South Africa Pranill Ramchander Tel: +27 (0)11 638 2592
Ann Farndell Tel: +27 (0)11 638 2786 |
| 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 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
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