Feb 29, 2012
Grindrod keen on Prasa, West African iron-ore projectsBack
Port|Africa|CoAL|Grindrod|Locomotives|PROJECT|Projects|Rolling Stock|rolling-stock|Systems|Africa|Logistics|Manufacturing|Oil And Gas|Service|Services|Systems|Iron Ore|Iron-ore|Rail|Locomotives
© Reuse this
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 Mining News
Updated 5 hours ago Black-controlled coal mining company Exxaro on Thursday confirmed its status as a signatory of a take-or-pay rail contract with the State-owned logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in...
Updated 7 hours ago Private mining venture X2 Resources, which was started by former Xstrata CEO Mick Davis, has completed its initial capital raising process, securing a total of $5.6-billion in equity capital to finance the creation of a new midtier diversified mining and metals...
The recycling of gold, which fell to a seven-year low in 2014, is expected to remain low this year, and possibly decrease further owing to substantial near-market supply being flushed out, the World Gold Council (WGC) reported on Thursday. “The decline in recycling...
Updated 4 hours ago Oger Telecom is looking at the possibility of selling its majority stake in Cell C, South Africa's third-largest mobile telecoms network operator, the chairman of the Middle Eastern firm told Reuters on Thursday. Goldman Sachs has been appointed by Oger Telecom to...
Updated 5 hours ago South Africa’s national oil company PetroSA, through its subisidiary PetroSA Ghana, has secured a seven-year $150-million reserve-based lending credit facility with a consortium of banks. PetroSA CFO Lindiwe Bakoro said the company was pleased to close this...
Updated 5 hours ago The $200-million ‘loop line 1’ project to expand the capacity of the gas pipeline from Mozambique to South Africa has been completed, the Republic of Mozambique Pipeline Investments Company (Rompco) has confirmed. Rompco is the gas transport joint venture set up in...
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
This Week's Magazine
Eqstra Holdings was going to reduce its exposure to contract mining, but it was not yet ready to sell the troubled business, said CEO Walter Hill on Tuesday. He said Eqstra would not sell its contract mining business in a “depressed market”. He said it would be...
Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year. The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.