Richards Bay Minerals appoint new managing director
Billy Mawasha has been appointed managing director, Richard Bay Minerals (RBM), effective 12 July. Billy joins RBM from Anglo American’s Kumba Iron Ore Limited where he was executive head of Operations and Integration.
Billy has extensive leadership experience across a number of African operations. Last year he was named by the South African Financial Mail as a top black leader of the future, and has recently been awarded the title of Young Global Leader by the World Economic Forum.
"I'm honoured to be joining RBM, an outstanding brand with a reputation as a world leader in our industry. We are a company that is strongly focused on compassion and care for our people and the natural environments within which we operate. I'm looking forward to the opportunities and challenges ahead," says Mawasha.
Billy joins the company at an exciting time with RBM continuing to operate safely and successfully. In June 2017, RBM completed 5 million injury free hours for the first time in its 40 year history.
Richards Bay Minerals (RBM) is South Africa’s largest mineral sands producer and beneficiation company. RBM was formed in 1976 to mine the vast mineral rich sands of the northern KwaZulu-Natal province of South Africa, the mine produces predominantly rutile, zircon, titania slag, titanium dioxide feedstock and high purity iron.
Rio Tinto holds a 74 per cent stake in RBM and manages the operations. Blue Horison, a BBBEE consortium consisting of lead investors and the four host communities, owns a 24 per cent stake, while the remaining two per cent of the shares are held in an employee trust.