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ANGLO AMERICAN PLC - Anglo American rough diamond sales value for De Beers ninth sales cycle of 2020

Release Date: 18/11/2020 09:00
Code(s): AGL     PDF:  
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Anglo American rough diamond sales value for De Beers’ ninth sales cycle of 2020

Anglo American plc (the “Company”)
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME 43
JSE Share Code: AGL
NSX Share Code: ANM


18 November 2020

Anglo American rough diamond sales value for De Beers’ ninth sales cycle of 2020

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and
Auctions) for De Beers’ ninth sales cycle of 2020, amounting to $450 million.

                            Cycle 9 2020(1)                 Cycle 8 2020(2)                 Cycle 9 2019
                             (provisional)                      (actual)                      (actual)
Sales value(3)                   $450m                            $467m                        $400m
  (1)   Cycle 9 2020 provisional sales value represents sales as at 16 November 2020
  (2)   Cycle 8 2020 actual sales value represents sales between the dates of 21 September and 9 October.
  (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 ninth sales cycle of 2020, with the Sight event extended beyond its
normal week-long duration. As a result, the provisional rough diamond sales figure quoted for
Cycle 9 represents the expected sales value for the period 2 November to 16 November and
remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said: “Steady demand for De Beers Group’s rough
diamonds continued in the ninth sales cycle of the year, reflecting stable consumer demand for
diamond jewellery at the retail level in the US and China, and expectations for reasonable
demand to continue throughout the holiday season. However, the resurgence of Covid-19
infections in several consumer markets presents ongoing risks.”

For further information, please contact:

 Media                                                                  Investors
 UK                                                                     UK
 James Wyatt-Tilby                                                      Paul Galloway                          

 Marcelo Esquivel                                                       Robert Greenberg                           

 Katie Ryall                                                            Emma Waterworth                                

 South Africa
 Sibusiso Tshabalala

 Nomonde Ndwalaza

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, development projects and undeveloped resources, provides many of the metals and
minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing
consumer-driven demands of developed and maturing economies. With our people at the heart
of our business, we use innovative practices and the lates t technologies to mine, process, move
and market our products to our customers – and to discover new resources – safely and

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the
steelmaking ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in
development and thermal coal operations planned for divestment – we are committed to being
carbon neutral across our operations by 2040. We work together with our business partners and
diverse stakeholders to unlock sustainable 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.

Legal Entity Identifier: 549300S9XF92D1X8ME43

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)

Date: 18-11-2020 09:00:00
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