Sharenet Sites 
Sharenet Sites
De Beers signs 10-year rough diamond sales agreement with Namibia
Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
De Beers signs 10-year rough diamond sales agreement with Namibia
Anglo American plc draws attention to an announcement issued today by De Beers, the text of
which is set out below:
The Government of the Republic of Namibia and The De Beers Group of Companies today
signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings(1)’
diamonds. The sales agreement is the longest ever signed between the two partners.
Namibia will see a significant increase in rough diamonds made available for beneficiation as a
result of the agreement, with US$430 million (2) of rough diamonds being offered annually to
Namibia Diamond Trading Company (NDTC)(3) customers. As part of the agreement, all
Namdeb Holdings’ Special Stones (4) will be made available for sale in Namibia.
In addition, the agreement provides for 15 per cent. of Namdeb Holdings’ run-of-mine
production per annum to be made available to a Government-owned independent sales
company called Namib Desert Diamonds Pty Ltd.
The agreement builds on the socio-economic contribution the partnership has made to Namibia
since it was formally established in 1994. Namdeb Holdings is one of Namibia’s largest
taxpayers and the country’s biggest foreign exchange generator, contributing more than one in
every five Namibian dollars of foreign earnings.
Obeth Kandjoze, Namibia’s Minister of Mines and Energy, said: "This new agreement cements
Namibia’s position as an important international diamond player and will provide further
stimulus to advance our downstream industry. De Beers and Namibia have a longstanding and
successful partnership and I am pleased we will continue working together for the benefit of
Namibia and the diamond industry."
Philippe Mellier, CEO, De Beers Group, said: "This sales agreement – the longest ever
between Namibia and De Beers – not only secures long-term supply for De Beers, but also
ensures that Namibia’s diamonds will continue to play a key role in national socio-economic
development long into the future. Diamonds can have a powerful and transformative effect on a
country’s prospects when effectively managed and I commend our partners in Government for
their vision regarding the role of diamonds in national development."
Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
Registered office as above. Incorporated in England and Wales under the Companies Act 1985. Registered Number 3564138
(1) Namdeb Holdings is a 50:50 joint venture between the Government of the Republic of Namibia and De Beers and is
the parent company for Namdeb (land) and Debmarine Namibia (marine) production
(2) This figure is index-linked to price so that volumes do not decrease relative to any price increases
(3) NDTC is a 50:50 joint venture between the Government of the Republic of Namibia and De Beers to sort and value
production from Namdeb Holdings
(4) Typically, very large or unusual stones
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 Ed Kite
marcelo.esquivel@angloamerican.com edward.kite@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 2178
South Africa Sheena Jethwa
Pranill Ramchander sheena.jethwa@angloamerican.com
pranill.ramchander@angloamerican.com Tel: +44 (0)20 7968 8680
Tel: +27 (0)11 638 2592
Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class
competitive mining operations and undeveloped resources provides the raw materials to meet
the growing consumer-driven demands of the world’s developed and maturing economies. 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 diamonds (through De Beers) to platinum and other precious metals and
copper – to our customers around the world.
As a responsible miner, we are the custodians of those 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.
www.angloamerican.com
16 May 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/05/2016 05:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
