Eramet Sa Unsp/Adr (ERMAY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Ehamet's half-year 2025 results. It is a great pleasure for me to be here, and once again, thank you for coming. Today, we will start, as always, with talking about safety. As you know, I mean, I've joined Ehamet just over two months ago, and since my arrival, I have been very positively impressed with the safety performance of the company. What we share with you there is a historical TRIFR since 2017. I just wanted to highlight this first half year result of 0.6, which continues to be very strong and well below the acceptable limit that we have set up in our CSR roadmap of one. We will continue to work We'll continue to work on the safety side because not only it is our first and most important value, but also because we strongly believe that having safety working, we will, of course, have very efficient operations. So to start our conversation today, I think I want to share with you that the performance for this first half was not at all in line with our ambitions. Thank you. operating performance varied a lot across the portfolio. I mean, if you look at manganese ore, we are slightly, we are pretty much in line, sorry, pretty much slightly below first half 2024, but we have seen improvements in Q2. I think you remember that in Q1, we had logistical challenges. I mean, so during the first half, we have suffered this impact, but we see very good trend during Q2, and we'll cover that in a minute. Very good results from mineral sands, improved from the first half in 2024. And this is within the plan where we now starting to enjoy better grades, very much in line with plan. At Centenario, we have met a number of very important milestones, understanding better and better system, resolving a number of challenges that we had with cer...