Themba Mkhwanazi will step into his shoes as CEO of Kumba, while July Ndlovu, executive head of processing operations at Anglo American Platinum since 2007 is appointed CEO of Anglo American's coal business in South Africa. Both roles will report internally to Seamus French, CEO of Anglo American's bulk commodity business.
French says: "Both have proven abilities in leading safe and productive complex operations at a time when cost competitiveness is critical to the sustainability of any mining business. Our priority for both businesses is to lead them safely through their divestment from Anglo American. We expect the price environment for both thermal coal and iron ore to remain under pressure and our operational focus is firmly on building upon the excellent work of the teams to date to further improve performance and value."
Mbazima will remain a member of the group management committee and will oversee the restructuring and divesting of Anglo American's non-core assets in South Africa, including its interests in the Kumba and thermal coal businesses.
