Anglo American PLC has released the rough diamond sales value for De Beers' fifth sales cycle of 2024, amounting to $315 million. This figure is provisional and represents the expected sales value for the period, subject to adjustment based on final completed sales. The CEO of De Beers, Al Cook, noted that the northern summer is generally a quieter period for rough diamond sales, reflecting the cycle 5 sales. He also mentioned a resurgence in retailers' interest in natural diamonds in the United States, but ongoing economic growth challenges in China are expected to lead to a protracted U-shaped recovery in demand.
Anglo American is a leading global mining company, providing essential ingredients for modern life. Their portfolio includes world-class competitive operations, future development options, and a commitment to being carbon neutral across their operations by 2040. The company is a responsible producer of various metals and minerals, including copper, nickel, platinum group metals, diamonds through De Beers, and premium quality iron ore and steelmaking coal. Their Sustainable Mining Plan commits them to work towards a healthy environment, thriving communities, and building trust as a corporate leader.
The company's website provides further information about their operations and commitments. 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.
For further information, the company provides contact details for media and investors in the UK and South Africa. The news release also includes notes to editors, providing additional context about the company's structure, operations, and policies.
Overall, the news release provides an overview of the rough diamond sales value for De Beers' fifth sales cycle of 2024, insights from the CEO of De Beers, and information about Anglo American's operations, commitments, and contact details for further inquiries.