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29 January 2020 |
Anglo American rough diamond sales value for De Beers' first 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' first sales cycle of 2020, amounting to $545 million.
Bruce Cleaver, CEO of De Beers Group, said: "Demand for rough diamonds increased during the first Sight of 2020 following the end of year selling season and subsequent inventory restocking."
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Cycle 1 2020(1) (provisional) |
Cycle 10 2019(2) (actual) |
Cycle 1 2019 (actual) |
Sales value(3) |
$545m |
$426m |
$500m |
(1) Cycle 1 2020 provisional sales value represents sales as at 28 January 2020.
(2) Cycle 10 2019 actual sales value is restated following the earlier publication of a provisional figure for the tenth sales cycle of 2019.
(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.
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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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