Sibanye Stillwater Limited (NYSE:SBSW) Q2 2022 Earnings Conference Call August 25, 2022 6:00 AM ET
Company Participants
Neal Froneman - Chief Executive Officer & Executive Director
Richard Stewart - Chief Operating Officer
Charles Carter - Chief Regional Officer, Americas
Grant Stuart - Head, Recycling
Charl Keyter - Chief Financial Officer
James Wellsted - Senior Vice President, Investor Relations
Robert Niekerk - Chief Technical Officer
Conference Call Participants
Patrick Mann - Bank of America
Leroy Mnguni - HSBC
Adrian Hammond - SBG Securities
Neal Froneman
Good morning, ladies and gentlemen, and welcome to our H1 2022 Presentation. We have defined this period as a challenging period and I think as we go through the presentation you will see why. Obviously, there are forward-looking statements, so please take note of our Safe Harbor statement.
If I can then move on to the agenda, as always, we will start with safety and ESG, I'll cover that. I would like to do a recap on our strategic positioning, combined with a complex global backdrop, we did introduce you to our gray elephants at our year-end results in February of this year and I think it's a good time just to recap.
I will then hand over to the two Chief Regional Offices being Richard and Charles Carter, Richard Stewart and Charles Carter, Richard will cover the South African region. Charles will cover the US region and our new Head of Recycling, Grant Stuart will cover the Recycling segment.
Grant will hand over to Charl Keyter, our Chief Financial Officer; and Charl will cover the financial results. And then I'll conclude with a brief conclusion. So, please sit back, enjoy, and relax if you can.
As I said, health and safety and ESG are our primary focus areas. They are our first, second, and third priorities. Our focus on the faecal elimination strategy is an imperative for 2022. We had a shocking 2021. I'm pleased to say we've made really good progress post all the sharp stoppages that we introduced ourselves towards the end of last year, and some of them even went in to the beginning of this year.
We brought in an independent safety expert to review our safety strategy. I'm very pleased to say that he ratified our safety strategy as consistent with global industry standards, and of course, we were quite relieved with that.
What we did find, though, is that perhaps the ownership of that strategy was not owned throughout the organization and certainly at some of the lower levels, we need to institutionalize and get ownership of our strategy and our safety commitments and we worked very hard on that and we have achieved some good results and have made good progress.