Anglo American plc has announced the rough diamond sales value for De Beers' second sales cycle of 2024, amounting to $430 million. This represents an increase from the previous cycle, which had a sales value of $374 million. The CEO of De Beers, Al Cook, noted that there is a growing demand for diamond jewelry in India, but it remains sluggish in China. He also mentioned that the recovery in rough diamond demand is expected to be gradual throughout the year due to ongoing economic uncertainty in the US.
The provisional rough diamond sales figure for Cycle 2 represents the expected sales value for the period and remains subject to adjustment based on final completed sales. The company's portfolio includes world-class competitive operations, providing essential metals and minerals for a cleaner, greener, and more sustainable world. Anglo American is committed to being carbon neutral across its operations by 2040 and has a Sustainable Mining Plan that aims to ensure a healthy environment, thriving communities, and building trust as a corporate leader.
The company's products include copper, nickel, platinum group metals, diamonds (through De Beers), premium quality iron ore, and steelmaking coal. Anglo American is re-imagining mining to improve people's lives and is dedicated to unlocking enduring value from natural resources for the benefit of the communities and countries in which it operates, society as a whole, and its shareholders.
The document also includes contact information for media and investors, as well as a disclaimer stating that it is for information purposes only and does not constitute an offer to sell or recommend securities. It also contains forward-looking statements. The use of generic terms such as "Anglo American" and "the Group" is for convenience only and does not indicate how the Anglo American Group or any entity within it is structured, managed, or controlled.
In conclusion, the announcement of the rough diamond sales value for De Beers' second sales cycle of 2024 reflects the company's ongoing commitment to sustainable mining practices and its efforts to meet the demands of consumers while navigating economic uncertainties in various regions.