Anglo American plc (AAL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay. Well, good morning, everyone, and welcome to our half year results. And as some of you know by now, over the years, my tradition is to kick off the full year results. I don't normally come at half year, but there are a couple of reasons why I wanted to introduce today, and I'll come back to those. But as ever, let's start with safety. And I must say how delighted I am and all of the Board are for the excellent progress that we're making and the safety improvements, which are have been coming through in the last couple of years quite strongly. I know this will continue to be at the top of mind of Duncan and his team as he moves on and as he takes over indeed the helm at Anglo Tech in due course. I'm also very pleased, as I hope you are, that with the solid performance of the current business and the benefits of our major portfolio restructuring, which is starting to come through in the numbers. So returning now, why do I want to introduce this session, albeit briefly? Two reasons, really. Firstly, if things go to plan, which I'm pretty confident they will, the close of Anglo American's merger with Teck to form Anglo Teck will happen. And this could mean, therefore, if the timing is as we expect, that it will indeed be my last chance to introduce. So that's one reason. The second reason is I did want to say just a couple of things about AngloTech and enormously exciting endeavor, which is going to bring really strong benefits to all of our respective shareholders and eventually collective ones and all of our wider stakeholder groups. I have spent nine years as Chair at Anglo, and I will be handing over that baton to my oppo at Teck, Sheila Murray, and on the closure of merger, of course, not before. But I'd like to say just a couple of things about Duncan, our CE...