South32 Limited (S32) Q2 2025 Earnings Call

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WEBVTT 00:00:00.149 -- 00:00:02.971 Good morning, everyone, and thanks for joining us today. 00:00:02.971 -- 00:00:08.076 On the call with me is our Chief Financial Officer, Sandy Silvano, and Chief 00:00:08.076 -- 00:00:11.118 Operating Officers, Vanessa Torres and Noah Paley. 00:00:11.118 -- 00:00:15.162 I'll give a short summary of our financial results and outlook for the first half of 00:00:15.162 -- 00:00:19.025 FY25 before taking questions. 00:00:19.025 -- 00:00:24.830 Firstly, I'd like to talk about safety. In September, we tragically lost our colleague, 00:00:24.830 -- 00:00:29.849 Jose Luis Perez, who was fatally injured in an incident at Cerro Matosa. 00:00:29.849 -- 00:00:34.194 An investigation into the incident was completed during December. 00:00:34.194 -- 00:00:39.219 Key learnings have been shared across our organisation and improvement actions are underway 00:00:39.219 -- 00:00:42.383 to prevent a similar incident happening again. 00:00:42.383 -- 00:00:46.807 We continue to implement our global safety improvement program and we're determined to 00:00:46.807 -- 00:00:50.331 achieve a step change in our safety performance. 00:00:50.331 -- 00:00:55.056 This includes a significant investment in safety leadership through our Lead Safely Every 00:00:55.056 -- 00:01:00.304 Day program. While we have more work to do, this program has supported measurable 00:01:00.304 -- 00:01:03.686 improvement in our safety performance. 00:01:04.490 -- 00:01:09.296 We've had a strong start to the year off the back of our improved operating performance. 00:01:09.296 -- 00:01:13.642 To call out some of the highlights from the half, we increased aluminium production by 00:01:13.642 -- 00:01:15.224 5%, 00:01:15.224 -- 00:01:20.451 copper equivalent production increased by 21% ...