Bloomberg News

Richards Bay Coal Terminal CEO Quits After Two Years in Job

October 05, 2011

(Updates with reason in second paragraph.)

Oct. 5 (Bloomberg) -- Richards Bay Coal Terminal Ltd., the largest facility of its kind in Africa, said Chief Executive Officer Raymond Chirwa resigned after two years in the job.

Chirwa will pursue “other ventures,” the company said in an e-mailed statement today. Alan Waller, general manager of finance, will be acting CEO until further notice, it said.

RBCT, capable of shipping 91 million metric tons of coal a year, exported 63.4 million tons in 2010, mainly because of limited railroad capacity. Chirwa became chief operating officer on July 1, 2008, and worked at RBCT for nine years.

The terminal is owned by the largest producers of coal in South Africa, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It ships coal to India, China and Europe.

--Editor: Tony Barrett, Alastair Reed

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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