Durban, South Africa — 30 November 2012 – South African-based and JSE-listed group Grindrod “’ involved in freight, and financial services, trading and shipping “’ plans to expand the capacity of the Matola coal terminal in Mozambique, to 7.3Mtpa by March 2013, after which it will launch a project to expand capacity to 20Mtpa.
Macauhub News Agency quoted Grindrod Terminals official Sean Rowan as saying that the terminal currently has a capacity of 6Mtpa, part of which is used to carry magnetite. He noted the growing importance of the terminal due to congestion of the railway lines that link similar terminals in South Africa.
The new 20Mtpa terminal will be built from scratch, in two phases in 2016 and 2018, and the current terminal will then be used only for magnetite or iron ore. Rowan added that the final decision on the new terminal would be made by the group’s board of directors by March 2013.
Rowan also said that the group was negotiating with Mozambican state port and railway company Portos e Caminhos de Ferro de Moçambique (CFM) and with South African group Transnet to expand railway lines alongside the new terminal and to ask Transnet to reduce tariffs for transporting coal to Matola.
Source: Macauhub News Agency. For more information, click here.