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Johannesburg - Ralph Havenstein, the chief executive of Angloplat, said on Monday he would resign from heading the world's biggest platinum producer, effective August 31.
Havenstein will be replaced by two Angloplat officials - Norman Mbazima, the finance director, and Duncan Wanblad, the director of projects and engineering. Mbazima and Wanblad will be joint acting CEOs for operational and commercial activities, respectively.
The company said it was searching for a new CEO and would make an announcement at a later date. Angloplat is majority owned by mining group Anglo American.
"I believe that I have personally contributed a lot to bringing Angloplat to the point where it is now, but I also believe that Angloplat needs new leadership, with new insights to achieve especially the safety goals," Havenstein told a results briefing.
Angloplat posted an expected 47% jump in interim profit, but higher costs and a cut in forecast output due to labour and safety issues cast a shadow.
The lower forecast for full-year output was partially due to worsening safety record at mines and a major push to change the situation. The firm said on June 18 it planned to suspend output at its largest unit, Rustenburg, for about seven days due to safety concerns after 12 people died in accidents at the mine.
Angloplat said on Monday the closure cost around 38 000 ounces of output and that a similar campaign at other mines would cut 2007 production by a further 65 000 ounces.