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ANGLO AMERICAN PLC - Anglo American rough diamond sales value for De Beers first sales cycle of 2017

Release Date: 24/01/2017 10:00
Code(s): AGL     PDF:  
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Anglo American rough diamond sales value for De Beers’ first sales cycle of 2017

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

24 January 2017

Anglo American rough diamond sales value for De Beers’ first sales cycle of 2017

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales
and Auction Sales) for De Beers’ first sales cycle of 2017, amounting to USD720 million.

Bruce Cleaver, CEO of De Beers, said: “We saw good demand across the majority of our
assortment during the first sales cycle of the year, as the industry entered the period when
rough diamond demand is traditionally strongest. The longer period between the final Sight of
2016 and the first Sight of 2017 also contributed to heightened demand during the cycle.

“While the reopening of some diamond polishing operations in India saw something of an
increase in demand for smaller, lower quality rough diamonds, we maintain a cautious outlook
for these categories as the Indian industry continues to adjust to the post-demonetisation
environment.”
                                                                                                          
                     Cycle 1 2017(1)         Cycle 10 2016(2)
                       (provisional)                 (actual)         Cycle 1 2016 (actual)                                                                          
                       
Sales value(3)               USD720m                  USD422m                       USD545m
 
(1) Cycle 1 2017 provisional sales value represents sales as at 23 January 2017.
(2) Cycle 10 2016 actual sales value is restated following the earlier publication of a provisional figure for the tenth sales cycle of 2016.
(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.




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                                                      Trevor Dyer
marcelo.esquivel@angloamerican.com                                    trevor.dyer@angloamerican.com
Tel: +44 (0)20 7968 8891                                              Tel: +44 (0)20 7968 8992

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

Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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

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