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

Release Date: 17/12/2020 09:00
Code(s): AGL     PDF:  
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Anglo American rough diamond sales value for De Beers’ tenth 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: 549300S9XF92D1X8ME43
JSE Share Code: AGL
NSX Share Code: ANM


17 December 2020

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

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and
Auctions) for De Beers’ tenth sales cycle of 2020, amounting to $440 million.

                                    Cycle 10 2020(1)           Cycle 9 2020(2)              Cycle 10 2019
                                     (provisional)                (actual)                     (actual)
Sales value(3)                          $440m                      $462m                        $426m
 (1)   Cycle 10 2020 provisional sales value represents sales as at 16 December 2020
 (2)   Cycle 9 2020 actual sales value represents sales between the dates of 2 November and 16 November.
 (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 tenth 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 10 represents the expected sales value for the period 7 December to 16 December and
remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said: “Positive consumer demand for diamond jewellery
as we enter the holiday season is supporting the continuation of retail orders for polished
diamonds from the diamond industry’s midstream sector. This in turn supported steady demand
for De Beers rough diamonds at our final sales cycle of 2020. While the diamond industry ends
the year on a positive note, we must recognise the risks that the ongoing Covid-19 pandemic
presents to sector recovery both for the rest of this year and as we head into 2021.”

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 latest 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: 17-12-2020 09:00:00
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