Sibanye Stillwater Limited (NYSE:SBSW) Q4 2023 Earnings Conference Call March 5, 2024 7:00 AM ET
Company Participants
Neal Froneman - Chief Executive Officer
Charl Keyter - Chief Financial Officer
Richard Stewart - Chief Regional Officer: Southern Africa
Charles Carter - Chief Regional Officer: Americas
Mika Seitovirta - Chief Regional Officer: Europe
Robert Van Niekerk - Chief Technical and Innovation Officer
Grant Stuart - Head of Recycling
James Wellsted - Executive Vice President: Investor Relations and Corporate Affairs
Conference Call Participants
Adrian Hammond - SVG
Arnold van Graan - Nedbank
Neal Froneman
Ladies and gentlemen, welcome to our 2023 H2 and Year End Presentation. Please take note of the international piggyback. We gave considerable thought as to what would be the appropriate way to signal our focus on the balance sheet and we thought this was the most appropriate way to indicate our focus. For a challenging 2024, we are not trying to create a silk purse out of a sow's ear.
So let's move on. First of all, please take note of the safe harbor statement. There are lots of forward-looking statements, especially around what the markets may or may not do. What we intend to cover today is, I will go through the salient features of 2023. We want to start with it all starts and ends in the market. We really just want to focus on the PGM market. I think that is the priority.
We want to share with you our proactive focus and our protection of the balance sheet. That is definitely our priority for 2024. I will also discuss a concept that I introduced, at the last presentation, a little bit more on resource stewardship. I will then hand over to Charl Keita, our CFO, who will do the financial review. Charl will hand over to the Chief Regional Officers, Richard, Charles, Mika, and Robert for the operational review. And then I will pick up again to conclude today's presentation.
So let's, just look at the salient features, for the year ended 31 December, 2023. I think in terms of embedding ESG as the way we do business and work, we certainly can celebrate a record low serious injury frequency rate. Unfortunately, we did suffer regression in fatalities year-on-year, predominantly due to the Burnstone Conveyor contractor incidents -- incident, where we unfortunately lost four human lives.
We are pleased to say that we well advanced with our renewable energy projects with 267 megawatts in construction. We're also pleased to say that we achieved conformance, for our storage facilities -- tailing storage facilities according to GISTM. And in line with our capital allocation model, we established the Sibanye Stillwater Foundation and the first allocations for the benefit of social upliftment have been made. And Richard will cover that, in his section.