Feb 29, 2012
Grindrod keen on Prasa, West African iron-ore projectsBack
Port|Pretoria|Africa|African Minerals Limited|CoAL|Grindrod|Locomotives|PROJECT|Projects|Systems|Africa|Sierra Leone|Maputo Terminal|Pepel Port|Control Systems|Logistics|Manufacturing|Manufacturing Facility|Oil And Gas|Service|Services|Systems|Richards Bay|Sierra Leone|Alan Olivier|Dave Rennie|Iron Ore|Rail|Locomotives|East Africa|West Africa
© 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 Infrastructure News
Updated 1 hour 33 minutes ago Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Article contains comments
Article contains comments
Updated 6 minutes ago Failed South African lender African Bank Investments (Abil) is likely to re-list on the stock exchange early next year, and its government supervision will be concluded without the use of taxpayer money, Finance Minister Nhlanhla Nene said on Wednesday. The central...
Updated 21 minutes ago Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South Africa, noting that Chinese investors could also access the additional...
Updated 52 minutes ago The Competition Commission on Wednesday announced that it had unconditionally approved the merger between JSE-listed Distribution and Warehousing Network’s (Dawn’s) Watertech and Sanitaryware business with Grohe International. Under the terms of the merger agreement,...
Recent Research Reports
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.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...