Share

RBCT chief resigns

Johannesburg - Richards Bay Coal Terminal (RBCT) confirmed on Wednesday that its chief executive Raymond Chirwa had quit his job after only two years at the helm of the company.

RBCT said Chirwa, who had been with the company for a total of nine years, had resigned to "explore other ventures".

Alan Waller, the general manager for finance, will serve as acting chief executive until further notice, the terminal said in a statement.

RBCT, the world's single largest export coal terminal, ships coal to Europe and Asia for all major South African producers.

The terminal recently completed an expansion to handle up to 91 million tonnes of coal, but has been unable to use the full capacity due to bottlenecks on the rail lines linking the terminal with coal mines in Mpumalanga.

Shareholders in the terminal include Anglo American [JSE:AGL], Xstrata, Exxaro Resources [JSE:EXX] and Optimum Coal.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.21
-0.5%
Rand - Pound
23.89
-0.4%
Rand - Euro
20.53
-0.4%
Rand - Aus dollar
12.47
-0.6%
Rand - Yen
0.12
-0.4%
Platinum
912.60
-0.8%
Palladium
1,014.00
-1.2%
Gold
2,332.67
+0.5%
Silver
27.34
+0.1%
Brent Crude
88.42
+1.6%
Top 40
68,574
+0.8%
All Share
74,514
+0.7%
Resource 10
60,444
+1.4%
Industrial 25
104,013
+1.2%
Financial 15
15,837
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders