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3 November 2014 |
Anglo American analyst and investor seminar re. De Beers |
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Anglo American plc ("Anglo American") is this afternoon hosting an analyst and investor seminar which will provide additional insight into De Beers - its industry, a detailed look at the company, from exploration to retail, and future trends for the diamond business.
Mark Cutifani, Chief Executive of Anglo American, said: "De Beers is an exciting business, not least due to its unique position in the market and the industry, but also the special nature of its product. Anglo American aims to be the diversified mining company and De Beers plays a major role in our diversification - adding to our later cycle exposure while being a world class business with highly attractive supply and demand dynamics."
Philippe Mellier, Chief Executive of De Beers, added: "The diamond industry derives practically all its value from consumers' demand for diamond jewellery - and this demand continues to grow globally. This, coupled with cost competitive assets with long mine lives and the strength of our partnerships with host governments, forms a compelling proposition and keeps us well positioned for growth."
The presentation, which will be available on the Anglo American website, will begin at 3.30pm (UK time) and can be viewed via live webcast at www.angloamerican.com/investors. The presentation is expected to finish at 5.30pm.
The following members of Anglo American's and De Beers' management teams will present:
Mark Cutifani Anglo American - Chief Executive (and Chairman of De Beers)
Philippe Mellier De Beers - Chief Executive
Bruce Cleaver De Beers - Executive Head of Strategy
Pat Lowery De Beers - Executive Head of Technical
Gareth Mostyn De Beers - Finance Director
For further information, please contact:
Anglo American
Media |
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Investors |
UK James Wyatt-Tilby Tel: +44 (0)20 7968 8759 |
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UK Paul Galloway Tel: +44 (0)20 7968 8718 |
Emily Blyth Tel: +44 (0)20 7968 8481 |
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Edward Kite Tel: +44 (0)20 7968 2178 |
South Africa Pranill Ramchander Tel: +27 (0)11 638 2592 Shamiela Letsoalo Tel: +27 (0)11 638 3112 De Beers Julian Regan-Mears Tel: +44 (0)20 7430 3520 |
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Sarah McNally Tel: +44 (0)20 7968 8747 |
Notes to editors:
Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. 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 bulk commodities and base metals to precious metals and diamonds (through De Beers) - to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of 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. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com
De Beers is a member of the Anglo American plc group. Established in 1888, De Beers is the world's leading diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people (directly and as contractors) across the diamond pipeline, and is the world's largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company's operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers, visit www.debeersgroup.com.
