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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Anglo American : rough diamond sales value for De Beers third sales cycle of 2021

04/08/2021 | 08:18am EDT

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' third sales cycle of 2021, amounting to $440 million.

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 third sales cycle of 2021, with the sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for cycle 3 represents the expected sales value for the period 22 March to 6 April and remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said: 'Following a good holiday season and that trend continuing during the first quarter of 2021, we have again seen solid demand for rough diamonds as we begin a traditionally quieter period of the year for the diamond industry. Sales were in line with expectations and both market sentiment and overall industry conditions remain positive. However, with pandemic developments in Europe and Mumbai's recent lockdown resulting in the Bharat Diamond Bourse being closed, it is clear that we will continue to see challenges relating to Covid-19.'

Contact:

James Wyatt-Tilby

Email: james.wyatt-tilby@angloamerican.com

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 sustainably.

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 41 278 M - -
Net income 2021 7 627 M - -
Net Debt 2021 3 122 M - -
P/E ratio 2021 7,75x
Yield 2021 5,20%
Capitalization 58 596 M 58 593 M -
EV / Sales 2021 1,50x
EV / Sales 2022 1,62x
Nbr of Employees 95 000
Free-Float 90,8%
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 48,48 $
Last Close Price 47,30 $
Spread / Highest target 23,5%
Spread / Average Target 2,49%
Spread / Lowest Target -35,8%
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Managers and Directors
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stephen Thomas Pearce Finance Director & Executive Director
Stuart John Chambers Chairman
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
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