De Beers rough diamond sales cycle 9, 2022 and.Anglo American sources 100% renewable electricity supply for Australia operations

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Overig advies 17/11/2022 15:57
Anglo American rough diamond sales value for De Beers' ninth sales cycle of 2022
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' ninth
sales cycle of 2022, amounting to $450 million.
Cycle 9 2022(1)
Cycle 8 2022(2)
Cycle 9 2021
Sales value(3) $450m $508m $438m
(1) Cycle 9 2022 provisional sales value represents sales as at 15 November 2022.
(2) Cycle 8 2022 actual sales value represents sales between the dates of 19 September and 4 October.
(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.
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 ninth sales cycle of 2022, with the
Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for
Cycle 9 represents the expected sales value for the period 31 October to 15 November remains subject to adjustment based on
final completed sales.
Bruce Cleaver, CEO, De Beers Group, said: "We saw good demand for our rough diamonds during Cycle 9 with sales reflecting
what is traditionally a quieter time for the diamond midstream ahead of polishing factories reopening in India following the
Diwali holidays."
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Anglo American sources 100% renewable electricity supply for Australia operations

Anglo American has sourced the supply of 100% renewable electricity for its operations in Australia from 2025, agreeing terms for a 10-year partnership with Stanwell Corporation, the Queensland Government-owned provider of electricity and energy solutions. The deal will effectively remove all Scope 2 emissions from Anglo American's steelmaking coal business in Australia from 2025, supporting Anglo American's progress towards carbon neutral operations by 2040.

Dan van der Westhuizen, CEO of Anglo American in Australia, said: "Sourcing 100% renewables supply from Stanwell Corporation, linked to two major wind and solar projects in Queensland, is a big step towards our target of carbon neutral operations in Australia - and globally - by 2040. We are committed to playing our part to help combat climate change, including accelerating a number of technologies to abate our on-site emissions, from electrifying our truck fleet and other mobile equipment to capturing the methane from our steelmaking coal seams.

"I am delighted that we are able to support Stanwell Corporation in its investment in 650MW of renewables capacity for Queensland. Today's deal brings significant environmental benefits and is NPV positive compared with our current energy mix, while underwriting a large investment in renewable energy generation for Queensland."

Anik Michaud, Anglo American's Group Director of Corporate Relations and Sustainable Impact, said: "We are working tirelessly across our global footprint to reduce emissions. Many of the metals and minerals we produce are critical to the infrastructure and technologies required to decarbonise the world's energy and transport systems - and this includes the ingredients needed for steelmaking. Our commitment to being part of the solution to climate change begins in our own business by meeting our emissions reduction targets and our 2040 operational carbon neutrality goal.

"Combined with the agreements we already have in place for all our South America operations, from 2025 we expect to be drawing 60% of our global electricity requirements from renewable sources, transforming our Scope 2 emissions profile. We are committed to producing the metals and minerals that we need to mitigate the extent of global warming in the most responsible and sustainable way."

The partnership between Anglo American and Stanwell underwrites investment in the two major Queensland renewable energy projects - Clarke Creek Wind Farm in Central Queensland, and Blue Grass Solar Farm near Chinchilla.

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