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August 08, 2012 12:00 pm ET
Tom Albanese - CEO
Guy Elliott - CFO
Lyndon Fagan - JPMorgan
Paul Young - Deutsche Bank
Paul McTaggart - Credit Suisse
Heath Jansen - Citigroup
Jason Fairclough - Bank of America
Rob Clifford - Deutsche Bank
James Gurry - Credit Suisse
Abhi Shukla - Société Générale
Good morning everyone and welcome to the webcast of our 2012 interim results with our CFO Guy Elliott in London. First I know many of you would rather be watching the broadcast of the Olympics than a webcast with me here in London.
In London the excitement of the Games are sweeping the city and I'm very proud of the medals and the medals that come from Rio Tinto. Tonight for example we are hosting a welcome dinner for a group of Rio Tinto employees from around the world who have shown outstanding efforts and work in their communities. Their rewards are a series of events at the Games and I'm sure the last few days will be just thrilling as what we've seen so far.
Of course talking to international audience I'm aware that some countries are doing better than others when it comes to the medal table. So maybe I better just stop there. I do look forward to visiting Australia next week and talking to our investors in Australia.
So let's start as usual with safety. We have seen a continued improvement in our safety record but I deeply regret there was a fatality earlier in this year in one of our managed operations. This was a terrible tragedy. As I said to all of you before, we will not be satisfied until workplace is injury free across the group. We have a strong safety culture throughout our businesses and making it even stronger is my priority, for my executive team and for our senior leaders.