Anglo American plc has announced the rough diamond sales value for De Beers' third sales cycle of 2024, amounting to $445 million. This provisional figure represents the expected sales value for the period and remains subject to adjustment based on final completed sales. The CEO of De Beers, Al Cook, noted that despite the cautious approach to purchases in the diamond industry due to the uncertain economic landscape and slow growth in China, there was an uptick in rough diamond sales in the third sales cycle.
The sales value for Cycle 3 2024 is compared to the actual sales values of Cycle 2 2024 and Cycle 3 2023, which were $431 million and $542 million, respectively. The company highlighted that the increase in sales occurred ahead of what is typically a slower period for rough diamond demand in the second quarter of the year.
Anglo American is a leading global mining company, with a portfolio of world-class competitive operations providing essential metals and minerals for various industries. The company is committed to being carbon neutral across its operations by 2040 and has a Sustainable Mining Plan that includes goals for environmental responsibility, community development, and corporate leadership.
The company's products include copper, nickel, platinum group metals, diamonds (through De Beers), premium quality iron ore, and steelmaking coal. Anglo American is dedicated to working with its business partners and stakeholders to unlock enduring value from natural resources for the benefit of the communities and countries in which it operates, society as a whole, and its shareholders.
For further information, the company has provided contact details for media and investors in the UK and South Africa. The document also includes a disclaimer stating that it is for information purposes only and does not constitute an offer to sell or recommend securities. Additionally, it contains forward-looking statements and third-party information.
Overall, the announcement provides insight into the performance of De Beers' rough diamond sales in the third sales cycle of 2024 and offers a glimpse into Anglo American's commitment to sustainable mining and responsible resource management.