TIDMAAL

RNS Number : 0597Z

Anglo American PLC

24 May 2016

 
 
24 May 2016 
Anglo American rough diamond sales value for 
De Beers' fourth sales cycle of 2016

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' fourth sales cycle of 2016, amounting to $630 million, compared with the $666 million value of the third sales cycle of 2016.

 
                 Cycle 4 2016(1)  Cycle 3 2016(2) 
                  (provisional)       (actual) 
---------------  ---------------  --------------- 
Sales value(3)        $630m            $666m 
---------------  ---------------  --------------- 
 
   (1)     Cycle 4 2016 provisional sales value represents sales as at 23 May 2016.

(2) Cycle 3 2016 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2016.

(3) Sales value is quoted in terms of sales by De Beers Global Sightholder Sales and De Beers Auction Sales, and reported 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.

Philippe Mellier, Chief Executive of De Beers Group, said: "As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth sales cycle of 2016."

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 
  Marcelo Esquivel                          8718 
  marcelo.esquivel@angloamerican.com        Ed Kite 
  Tel: +44 (0)20 7968 8891                  edward.kite@angloamerican.com 
                                            Tel: +44 (0)20 7968 
                                            2178 
 South Africa                              Sheena Jethwa 
  Pranill Ramchander                        sheena.jethwa@angloamerican.com 
  pranill.ramchander@angloamerican.com      Tel: +44 (0)20 7968 
  Tel: +27 (0)11 638 2592                   8680

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 - from diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference.

www.angloamerican.com

This information is provided by RNS

The company news service from the London Stock Exchange

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May 24, 2016 03:00 ET (07:00 GMT)

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