De Beers rough diamond sales cycle 4, 2023

De Beers rough diamond sales cycle 4, 2023

Released: 17/05/2023 07:00:00

17 May 2023

Anglo American rough diamond sales value for De Beers' fourth sales cycle of 2023

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' fourth sales cycle of 2023, amounting to $480 million.

(1) Cycle 4 2023 provisional sales value represents sales as at 16 May 2023.

(2) Cycle 3 2023 actual sales value represents sales between the dates of 27 March and 11 April.

(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.

The provisional rough diamond sales figure quoted for Cycle 4 represents the expected sales value for the period 1 and 16 May and remains subject to adjustment based on final completed sales.

Al Cook, CEO of De Beers, said: "Sales of our rough diamonds in the fourth sales cycle of the year saw a small decrease from the previous cycle as the industry has entered what is traditionally a seasonally quieter period. Rough diamond demand was also influenced by ongoing macroeconomic uncertainty and a slower pace of recovery in consumer demand from China than was widely anticipated."

 For further information, please contact:

Media

Investors

UK

James Wyatt-Tilby

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Tel: +44 (0)20 7968 8759

Marcelo Esquivel

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Tel: +44 (0)20 7968 8891

Rebecca Meeson-Frizelle

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Tel: + 44 (0)20 7968 1374

South Africa

Nevashnee Naicker

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Tel: +27 (0)11 638 3189

Sibusiso Tshabalala

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Tel: +27 (0)11 638 2175

UK

Paul Galloway

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Tel: +44 (0)20 7968 8718

Emma Waterworth
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Tel: +44 (0) 20 7968 8574

Michelle Jarman

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Tel: +44 (0)20 7968 1494

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, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers - safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel - with crop nutrients in development - we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring 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..

www.angloamerican.com

Forward-looking statements:

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