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ANGLO AMERICAN PLC - Anglo American rough diamond sales value for De Beers fourth sales cycle of 2022

Release Date: 18/05/2022 08:36
Code(s): AGL     PDF:  
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Anglo American rough diamond sales value for De Beers’ fourth sales cycle of 2022

Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
JSE Share Code: AGL
NSX Share Code: ANM

18 May 2022

Anglo American rough diamond sales value for De Beers’ fourth sales cycle of 2022

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions)
for De Beers’ fourth sales cycle of 2022, amounting to $604 million.

                                                    Cycle 4 2022(1)                             Cycle 3 2022(2)                              Cycle 4 2021
                                                     (provisional)                                 (actual)                                    (actual)
 Sales value(3)                                         $604m                                       $566m                                      $385m

  (1)   Cycle 4 2022 provisional sales value represents sales as at 17 May 2022.
  (2)   Cycle 3 2022 actual sales value represents sales between the dates of 28 March and 12 April.
  (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 fourth sales cycle of 2022, with the Sight event extended beyond its normal week-long
duration. As a result, the provisional rough diamond sales figure quoted for Cycle 4 represents the
expected sales value for the period 2 May to 17 May and remains subject to adjustment based on final
completed sales.

Bruce Cleaver, CEO, De Beers Group, said: “We saw the continuation of good demand for our rough
diamonds during the fourth sales cycle of 2022, supported by strong consumer demand for diamond
jewellery in the US. However, rough diamond demand in the coming cycle will be affected as usual by the
closure of many diamond polishing factories in India for the traditional May holidays. Meanwhile,
diamond businesses are also continuing to closely monitor the effects of Covid-19-related lockdowns in
China and the war in Ukraine and associated sanctions.”

For further information, please contact:

  Media                                                                                               Investors
  UK                                                                                                  UK
  James Wyatt-Tilby                                                                                   Paul Galloway                                                       
  Tel: +44 (0)20 7968 8759                                                                            Tel: +44 (0)20 7968 8718

  Marcelo Esquivel                                                                                    Emma Waterworth                                                        
  Tel: +44 (0)20 7968 8891                                                                            Tel: +44 (0) 20 7968 8574

  Katie Ryall                                                                                         Michelle Jarman                                                             
  Tel: +44 (0)20 7968 8935                                                                            Tel: +44 (0)20 7968 1494

  South Africa
  Nevashnee Naicker
  Tel: +27 (0)11 638 3189

  Sibusiso Tshabalala
  Tel: +27 (0)11 638 2175

The Company has a primary listing on the Main Market of the London Stock Exchange and
secondary listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the
Namibia Stock Exchange and the SIX Swiss Exchange.

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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.

Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, 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
Reserve and Mineral Resource positions) 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 transport
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 document. 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 document 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 document is sourced from publicly available third party sources. As such it has
not been independently verified and presents the views of those third parties, but 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

Date: 18-05-2022 08:36:00
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