http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.63Change: -0.06
R/$ = 12.28Change: -0.03
Au 1164.86 $/ozChange: -6.90
Pt 1082.50 $/ozChange: -6.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 29, 2012

Grindrod keen on Prasa, West African iron-ore projects

Back
Port|Africa|CoAL|Export|Gas|Grindrod|Locomotives|PROJECT|Projects|rail|Rolling Stock|rolling-stock|Systems|Africa|Logistics|Manufacturing|Oil And Gas|Service|Services|Systems|Iron Ore|Iron-ore|Locomotives
Port|Africa|CoAL|Export|Gas|Grindrod|Locomotives|PROJECT|Projects|rail|Rolling Stock|rolling-stock|Systems|Africa|Logistics|Manufacturing|Oil And Gas|Service|Services|Systems|Iron Ore|Iron-ore|Locomotives
port|africa-company|coal|export|gas|grindrod|locomotives|project|projects|rail|rolling-stock|rolling stock|systems-company|africa|logistics|manufacturing|oil-and-gas|service|services|systems|iron-ore|iron-ore-person|locomotives-product
© Reuse this



Grindrod was interested in participating in the Passenger Rail Agency of South Africa’s (Prasa’s) proposed R136-billion rolling stock renewal programme, said Grindrod freight services division CE Dave Rennie on Wednesday.

He said the JSE-listed shipping and logistics group would be keen to supply coaches, locomotives and control systems for the project, which hoped to see the first new Metrorail trains operational by 2015.

Grindrod had a rolling stock manufacturing facility in Pretoria.

“Currently we can built 48 locomotives a year,” said Rennie.

Grindrod was already involved in the African rail market and was leasing locomotives to African Minerals Limited’s (AML’s) Tonkolili iron-mine, in Sierra Leone, for example. The locomotives ran from the mine on a 270 km track to Pepel port.

The first ore was loaded in November last year.

It was expected that exports from the mine would reach around 15-million tons this year.

Grindrod was adding 14 locomotives to its 20-strong fleet in Sierra Leone this year.

Rennie said Grindrod could potentially also operate this line for AML.

He added that West African projects could see 400-million tons of iron-ore a year be moved for export in the next ten years.

While Grindrod was interested in participating in these projects, it was also interested in the oil and gas industries in West Africa, and the coal and gas sectors in East Africa.

“African rail, port and terminal projects are a big part of our strategy going forward,” said Rennie.

He does not want to provide specifics on any projects.

“We have a team looking at opportunities in Africa, but until we believe we can roll them out, we are not putting them on the table,” noted Rennie.

Grindrod was already a strong logistics service provider in the African coal industry, shipping 3.9-million of coal through its Maputo coal terminal in 2011, and 3.8-million tons through Richards Bay.

The prefeasibility study to expand the Maputo terminal from the current 6-million tons by another 20-million tons a year had already been completed. Richards Bay was also earmarked for a possible ten-million tons-a-year expansion.

Grindrod last year introduced Vitol as a strategic partner to the Maputo coal terminal, when it acquired 35% of the facility for $67.7-million.

The company also entered into a partnership with Vitol, which saw both companies sell their sub-Saharan coal trading businesses into the joint venture.

“There are enormous opportunities for the Maputo terminal,” noted Grindrod CEO Alan Olivier.

“The outlook for commodities remains positive for the long term.”

 

 

 


 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Ports and Shipping News
Port of Cape Town
Transnet National Ports Authority (TNPA) has selected the V&A Waterfront as the preferred bidder for the development of a cruise terminal at the Port of Cape Town. The V&A Waterfront would invest about R179-million to finance, design and develop the terminal, which...
The Competition Commission has reached a settlement agreement with Japanese shipping liner Nippon Yusen Kabushiki Kaisha (NYK) for contravening the Competition Act in the transportation of motor vehicles to and from South Africa by sea. This settlement followed the...
Only 32% of supply chain managers in South Africa have complete visibility of their supply chains, with the remainder claiming “zero” visibility beyond the second tier of their chain, a recent survey of 645 global supply-chain managers by the Chartered Institute of...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 1 hour 14 minutes ago The Complaints and Compliance Committee (CCC) of the Independent Communications Authority of South Africa (Icasa) reserved judgment on Thursday in a complaint by eight publishers against the South African Post Office (SAPO). CCC chairperson JCW (Jacobus) van Rooyen...
Updated 1 hour 18 minutes ago Trade and Industry Minister Dr Rob Davies says a memorandum of understanding (MoU) signed by the Department of Trade and Industry (DTI), the Eastern Cape provincial government and dairy products manufacturer Nestlé South Africa on Thursday would create 800 permanent...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own.
TEAMWORK Aggreko Europe, Middle East & Africa MD David Taylor-Smith; Aggreko Zambia chairperson Dr. Sixtus Mulenga; Aggreko Africa MD James Shepherd
Temporary power generation services provider Aggreko announced earlier this month that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was integral to the ongoing expansion of its operations in Zambia and the rest...
Major global aircraft manufacturer Airbus Commercial Aircraft is maintaining a steady course. "I don't have any big news, good or bad," company President and CEO Fabrice Brégier told international aviation journalists in Toulouse, France, at the company’s recent...
MEASURING DEVICES Bosch has released a mobile app that enables the measurements made with measuring devices to be sent and used directly on the app for accuracy and on-site quoting
Industrial tool manufacturer Bosch has increased the compatibility of many batteries in its range of blue industrial power tools and has released mobile-device applications (apps) for users of the tools, says Bosch South Africa training manager Peter du Bruyn. Many...
The new Nissan Navara has been launched onto the global market, but Nissan South Africa (NSA) will only know in August whether the local Rosslyn plant will assemble the one-ton pickup. The NSA plant currently produces the old NP300 Hardbody one-ton bakkie, as well as...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96