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ANGLO AMERICAN PLC - Anglo American rough diamond sales value for De Beers second sales cycle of 2016

Release Date: 01/03/2016 10:00
Code(s): AGL     PDF:  
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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 ('Anglo American')
Anglo American rough diamond sales value for De Beers' second sales cycle of 2016
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' second sales cycle of 2016. Rough diamond sales during the second cycle of the year continued their positive trend to $610 million, compared with the $545 million value of the first sales cycle of 2016.
Cycle 2 2016(Note 1) Cycle 1 2016(Note 2) (provisional) (actual) Sales value(Note 3) $610m $545m
(Note 1) Cycle 2 2016 provisional sales value represents sales as at 29 February 2016. (Note 2) Cycle 1 2016 actual sales value is restated following the earlier publication of a provisional figure for the first sales cycle of 2016. (Note 3) Sales value is quoted in terms of sales by De Beers Global Sightholder Sales and De Beers Auction Sales, and reported 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.
Rough diamond demand continues to show signs of improvement as excess inventory has continued to work through the system in recent months.
Philippe Mellier, Chief Executive of De Beers Group, said: 'Retailer restocking after the end-of- year holiday season is supporting demand for polished diamonds and, in turn, we are seeing improved demand from the midstream for rough diamonds. However, we remain mindful of the need for a cautious approach as the recovery continues.' 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 Pranill Ramchander pranill.ramchander@angloamerican.com Tel: +27 (0)11 638 2592 Shamiela Letsoalo shamiela.letsoalo@angloamerican.com Tel: +27 (0)11 638 3112 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 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 1 March 2016 Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/03/2016 10:00:00 Supplied by www.sharenet.co.za 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.

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