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Diamonds

Precious: Diamonds

Anglo American’s diamond interests are represented by its 45% shareholding in De Beers.

De Beers is the world’s leading diamond business. Its expertise extends to all aspects of the diamond pipeline, including prospecting, mining and recovery and, through its distribution arm, The Diamond Trading Company, the sorting, valuing and sale of rough gem diamonds.

De Beers produces around 40% of the world’s rough diamonds by value from its mines in Botswana, Canada, Namibia and South Africa.

Diamonds business unit overview

Financial highlights(1)(2)

 $ million 12 months
31 Dec 2008
12 months
31 Dec 2007
Share of associate’s
operating profit
508 484
EBITDA 665 587
Group’s aggregate
investment in De Beers
1,623 1,802
Share of Group
operating profit
5% 5%
(1)
Share of Group operating profit and share of Group net operating assets for both 2008 and 2007 are based on continuing operations and therefore, in 2007, exclude the contribution of Mondi and AngloGold Ashanti.
(2)
De Beers is an independently managed associate of the Group.