Anglo American plc (AAL) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning, everyone, and welcome to Anglo-Americans 2024 results presentations. Just a few words from me before I hand over to Duncan and John and starting, perhaps unsurprisingly, with safety. Our very first value in our company is safety, and that cannot and must not ever change. We will not and cannot rest until we have created a safe workplace for everyone. We constantly work to improve our performance in this area. However, I'm very sorry to say that we had three workplace fatalities in 2024, which is, of course, not only tragic, it's also completely unacceptable. and it would be inappropriate of me not to mention that right up front. And Duncan is going to talk more about that during his presentation. Now, as many of you know, in 2024 and early 2025, we have seen substantial change at this company. We've made significant progress since we accelerated our strategic execution in the first half of last year. And the management team has delivered on all fronts and with some pace, not only in improving the operational and cost performance of the underlying business, but also, of course, in the simplification of the portfolio. And you've seen some of those changes coming through level eight. Now, the board has no doubt that that what we are seeing is a stronger and a more valuable Anglo-American emerge from this. But it is a journey, of course, and we have further to go. Now, briefly on board changes. There was none in 2024. But Anne Wade joined our board at the beginning of this year and attended her first board on Tuesday and has also joined the audit and the sustainability committees. Anne spent most of her executive career in the asset management industry. And a lot of that at Capital Group, which coincidentally and incidentally is now one of our largest sh...