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LON100:AAL, May 20, 11:17 UTC

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Thursday, May 17


Social Chatter

Anglo American PLC (LON100:AAL) social chatter is higher than usual

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Botswana Pres Masisi tells international diamond giant De Beers that if it wants to renew its diamond mining deal, expiring in 2020 the company must ensure more gemstones are cut & polished in Bots, expanding value-added industry & providing skilled jobs. https://t.co/WzYgt007qi https://t.co/t9e1MLtsZj
News

Anglo looks to sell Peru copper stake to Japanese firms -sources

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Anglo looks to sell Peru copper stake to Japanese firms -sources. LONDON, May 17 (Reuters) - Anglo American (LSE: AAL.L - news) is likely to sell up to 30 percent of its multi-billion dollar Peruvian copper project Quellaveco to Japanese entities, including Mitsubishi (LSE: 7035.L - news) , which already own part of it, three sources familiar with the matter said. The London-listed miner said in its 2017 financial results it is seeking to cut its 82 percent interest in Quellaveco, which could produce 225,000 tonnes of copper annually, to between 50 and 70 percent. The sources said it has hired investment banks Goldman Sachs (NYSE: GS-PB - news) and Morgan Stanley (Xetra: 885836 - news) to help with the sale, which could be announced within the next two months.

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Wednesday, May 16


Social Chatter

Anglo American PLC (LON100:AAL) social chatter is higher than usual

AAL
Botswana Pres Masisi tells international diamond giant De Beers that if it wants to renew its diamond mining deal, expiring in 2020 the company must ensure more gemstones are cut & polished in Bots, expanding value-added industry & providing skilled jobs. https://t.co/WzYgt007qi https://t.co/t9e1MLtsZj
Social Chatter

Anglo American PLC (LON100:AAL) social chatter is higher than usual

AAL
Botswana Pres Masisi tells international diamond giant De Beers that if it wants to renew its diamond mining deal, expiring in 2020 the company must ensure more gemstones are cut & polished in Bots, expanding value-added industry & providing skilled jobs. https://t.co/WzYgt007qi https://t.co/t9e1MLtsZj

Tuesday, May 15


News

De Beers commissions Sixlinx Technologies in the development of Diamond Blockchain - Press Release

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De Beers operates in 35 countries and sells approximately 35% of the world’s rough diamond production. Founded in 1888, De Beers is one of the oldest diamond companies in the world, and the firm is well-known for utilizing latest technological advancements to innovate their diamond operations and processes to stay ahead of the curve. Sixlinx Technologies is a blockchain firm that actively seeks to achieve uniform pricing characteristics within the currently non-fungible diamond industry. Furthermore, the diamond market is missing liquidity. While one can buy diamonds at retail, it is a challenge to resell them at a reasonable market price. Since diamond exchanges operate on a business-to-business (B2B) basis, they are not relevant for traders and, in fact, there is no platform for reselling diamonds.

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Mountain Province hires former De Beers financial chief as president and CEO

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Mountain Province hires former De Beers financial chief as president and CEO. De Beers and Mountain Province Gahcho Kué diamond mine in Canada. Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive. Previous to that, Brown had had various roles within De Beers — , the world’s largest rough diamond producer by value — over a period of 14 years, until he was appointed as the Group Chief Financial Officer in 2006.

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Anglo American to spin off unit to encourage platinum demand

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Anglo American to spin off unit to encourage platinum demand. LONDON, May 15 (Reuters) - Anglo American (LSE: AAL.L - news) will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply. Confirming a report in the Financial Times, Anglo American said in an emailed comment it would provide more details in due course on the spin off of the internal fund that has been exploring new applications for platinum group metals, including hydrogen fuel cells. Other big miners are positioning themselves for the shift away from combustion engines by betting on lithium and cobalt, needed for battery technology. But as the world's top supplier of platinum, Anglo American has more reasons to remain committed to the metal and to finding uses for it.

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Social Chatter

Anglo American PLC (LON100:AAL) social chatter is higher than usual

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Botswana Pres Masisi tells international diamond giant De Beers that if it wants to renew its diamond mining deal,… https://t.co/s3VjQuesCv
News

Mining Giant Anglo American Deploys AspectCTRM For Global Marketing & Trading Business

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On top of a vastly lower total cost of ownership (TCO) and quicker go-live than Anglo’s previous vendor, Aspect was chosen for the proven strength of its risk management functionality and speed and performance of its in-memory database. It takes just seconds in contrast to the multiple hours required by other solutions. Aspect’s innovative scripting tools have also proven extremely powerful and key to the satisfaction of both the IT project team and system users. “We are excited to expand our presence and reputation in the metals trading market through partnership with Anglo American. Aspect’s unique technology and configurability have been key to our expansion, and the key role that Aspect plays at Anglo American demonstrates our ability to deliver on our plans to be the pre-eminent metals solution for metals traders,” says Justin Howat, Aspect Sales Director – Metals & Mining. Aspect’s flexibility has allowed Anglo American to build reports and workbenches within Aspect that were previously assumed to be built externally, resulting in an even bigger footprint for Aspect within Anglo American’s overall IT landscape than initially planned. AspectCTRM also integrates with SAP and other systems for seamless front-to-back-office support. About Aspect Enterprise Solutions Aspect, an ION Investment Group Company, is the leading global provider of multi-commodity trade, risk and operations management applications delivered Software-as-a-Service (SaaS) in the cloud.

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Botswana's President Eyes Jobs in New `Marriage' With De Beers

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Botswana’s President Mokgweetsi Masisi wants a new long-term diamond-sales pact with De Beers when the current 10-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its gross domestic product, and for the Anglo American Plc unit that gets about two-thirds of its gems from the southern African nation. Masisi, who is due to contest elections next year, is pushing for the industry to create more jobs and is “dead determined” that more diamonds be cut and polished in the country. “We have had a wonderful relationship with De Beers and we expect that relationship to be even more cemented,” Masisi said in an interview Monday in his office in Gaborone.

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