http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: 0.02
R/$ = 12.04Change: 0.03
Au 1188.10 $/ozChange: 1.50
Pt 1119.50 $/ozChange: 0.00
 
 
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|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|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|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 Mining News
Kriel power station
South African power utility Eskom faces a 17-million tonne coal shortfall by 2017 at its coal-fired power plants, a Cabinet Minister said on Wednesday. The shortfall is anticipated in 2015 at Matla, Tutuka and Hendrina power stations and in 2016 at Kriel and Arnot...
JSE-listed Impala Platinum (Implats) has decided not to sell its Marula operation, in Limpopo, and plans to improve the performance of the operation instead. The platinum miner announced in February that it would sell Marula, as part of measures to conserve cash.
More
 
 
Latest News
IMD World Competitiveness Center director Arturo Bris
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure shortfalls, high youth unemployment, as well as inadequate education and technical skills availability as key challenges to the...
JSE-listed Dipula Income Fund reported that its distributable earnings grew 33.2% in the six months ended February 28, translating into a combined growth of 6.8% in distributions for both A- and B-linked units. The distribution attributable to the A-linked units was...
JSE-listed Growthpoint Properties’ Kirstenhof Office Park, in Johannesburg, has become the hundredth building in South Africa to achieve a Green Star SA certification from the Green Building Council of South Africa (GBCSA), securing a 5-Star Green Star: Existing...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
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.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
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