Anglo American plc (AAL) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone. I'm Stuart Chambers, Chair of Anglo American and it's my pleasure as usual to welcome you all to our results presentation for 2023. Now before handing over to Duncan and John, I'd just like to do two things. I'd like to update you on last year's board changes and then also give you a very short board perspective on today and tomorrow. Firstly, on board changes, I'm delighted that Magalie Anderson joined us in April last year, a senior industrialist in the world of cement, but actually much more importantly for us at any rate, a passionate expert in sustainability. And as you all know, sustainability is at the heart of all we do and actually how we do it at Anglo American. And then in December... perhaps very well known to you, is Stephen Pearce, stepped down and retired in December after seven years as our finance director. And we welcomed John Heasley, who we see here, who joined on the 1st of December, a little more than a couple of months ago. I must say, John, it feels like it's a lot longer than that. But I'm very pleased to say, at risk of embarrassing John, that he's already made and he's already having a big impact. So moving now to a brief perspective on today and on the future. And I'd like to start with a short few words on our long-term future at Anglo-American. We are in a very, very strong position indeed. We have extraordinary set of resources in copper, in high-quality iron ore, and now in polyhalite. And collectively, these are all supported by three global megatrends. We've got multiple decades of resource in all three of these, and in several cases, we actually have endowments potentially exceeding a century of mine life. So, great potential for organic long-term sustainable growth. However, to exploit these assets and to inv...