TIDMAAL
RNS Number : 0272L
Anglo American PLC
08 September 2021
8 September 2021
Anglo American rough diamond sales value for De Beers' seventh
sales cycle of 2021
Anglo American plc announces the value of rough diamond sales
(Global Sightholder Sales and Auctions) for De Beers' seventh sales
cycle of 2021, amounting to $515 million.
Cycle 7 2021(1) Cycle 6 2021(2) Cycle 7 2020
(provisional) (actual) (actual)
Sales value(3) $515m $514m $334m
--------------- --------------- ------------
(1) Cycle 7 2021 provisional sales value represents sales as at
7 September 2021
(2) Cycle 6 2021 actual sales value represents sales between the
dates of 12 July and 27 July.
(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.
Owing to the restrictions on the movement of people and products
in various jurisdictions around the globe, De Beers Group has
continued to implement a more flexible approach to rough diamond
sales during the seventh sales cycle of 2021, with the Sight event
extended beyond its normal week-long duration. As a result, the
provisional rough diamond sales figure quoted for Cycle 7
represents the expected sales value for the period 23 August to 7
September and remains subject to adjustment based on final
completed sales.
Bruce Cleaver, CEO of De Beers Group, said: "Sentiment in the
diamond industry's midstream continues to be positive and this is
reflected in our sales for Sight 7. Demand for rough diamonds is a
result of robust demand for polished diamonds in our key markets of
the US and China. The midstream's optimism for the remainder of the
year was also evident at the recent JCK Las Vegas trade show which
was a success despite being held under challenging circumstances.
As we now head towards a traditionally slower period for rough
diamond sales, we remain cognisant of the risks to economic
recovery from the global pandemic."
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 Juliet Newth
marcelo.esquivel@angloamerican.com juliet .newth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 8830
Katie Ryall Michelle Jarman
katie.ryall@angloamerican.com michelle.jarman @angloamerican.com
Tel: +44 (0)20 7968 8935 Tel: +44 (0)20 7968 1494
South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Tel: +27 (0)71 164 5719
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
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 operations,
with a broad range of future development options, provides many of
the future-enabling metals and minerals for a cleaner, greener,
more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move
and market our products to our customers - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, premium quality iron ore and
metallurgical coal for steelmaking, and nickel - with crop
nutrients in development - we are committed to being carbon neutral
across our operations by 2040. More broadly, our Sustainable Mining
Plan commits us to a series of stretching goals to ensure we work
towards a healthy environment, creating thriving communities and
building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value
from precious natural resources for the benefit of the communities
and countries in which we operate, for society as a whole, and for
our shareholders. Anglo American is re-imagining mining to improve
people's lives.
www.angloamerican.com
Forward-looking statements:
This announcement includes forward-looking statements. All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
Anglo American's financial position, business, acquisition and
divestment strategy, dividend policy, plans and objectives of
management for future operations (including development plans and
objectives relating to Anglo American's products, production
forecasts and Ore Reserves and Mineral Resource estimates) and
environmental, social and corporate governance goals and
aspirations, are forward-looking statements. By their nature, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Anglo American, or industry results,
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Such forward-looking statements are based on numerous
assumptions regarding Anglo American's present and future business
strategies and the environment in which Anglo American will operate
in the future. Important factors that could cause Anglo American's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration
and development capabilities, recovery rates and other operational
capabilities, safety, health or environmental incidents, the
effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the
availability of mining and processing equipment, the ability to
produce and transport products profitably, the availability of
transportation infrastructure, the impact of foreign currency
exchange rates on market prices and operating costs, the
availability of sufficient credit, the effects of inflation,
political uncertainty and economic conditions in relevant areas of
the world, the actions of competitors, activities by courts,
regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or
maintenance of Anglo American's assets and changes in taxation or
safety, health, environmental or other types of regulation in the
countries where Anglo American operates, conflicts over land and
resource ownership rights and such other risk factors identified in
Anglo American's most recent Annual Report. Forward-looking
statements should, therefore, be construed in light of such risk
factors and undue reliance should not be placed on forward-looking
statements.
These forward-looking statements speak only as of the date of
this announcement. Anglo American expressly disclaims any
obligation or undertaking (except as required by applicable law,
the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct
Authority, the Listings Requirements of the securities exchange of
the JSE Limited in South Africa, the SIX Swiss Exchange, the
Botswana Stock Exchange and the Namibian Stock Exchange and any
other applicable regulations) to release publicly any updates or
revisions to any forward-looking statement contained herein to
reflect any change in Anglo American's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based. Nothing in this announcement
should be interpreted to mean that future earnings per share of
Anglo American will necessarily match or exceed its historical
published earnings per share.
Certain statistical and other information about Anglo American
included in this announcement is sourced from publicly available
third-party sources. As such, it has not been independently
verified and presents the views of those third parties, though
these may not necessarily correspond to the views held by Anglo
American and Anglo American expressly disclaims any responsibility
for, or liability in respect of, such information.
Legal Entity Identifier: 549300S9XF92D1X8ME43
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