Name and Location
Matola coal terminal expansion project, Mozambique.

Client
Grindrod.

Project Description
The project involves the expansion of the Maputo coal terminal by a further 1.3-million tons a year (Phase 3.5) to 7.3-million tons a year.

Phase 4 will expand terminal capacity to ten-million tons a year of magnetite. The expansion project will involve excavation and land reclamation, resulting in a footprint growth of 120 ha, the construction of two additional berths, a stockyard and railway infrastructure.

Value
Not stated. However, Grindrod contributed R787-million to capital expenditure over the past six months, 70% of which was used for expansionary purposes and it will invest another R1.13-billion in the next six months.

Duration
Phase 3.5 started in April and is scheduled for commissioning in 2013.

The feasibility study for Phase 4 is expected to be completed in the final quarter of 2012.

Latest Developments
Grindrod has reported that it will expand yearly throughput capacity at its Matola coal terminal to 7.3-million tons by March next year, followed by a larger upgrade to 20-million tons.

The 20-million-ton terminal will be a new unit. Once this is built, in two phases, due in 2016 and 2018, the current facility will be converted into either a magnetite or iron-ore terminal.

A final investment decision for the expansion to 20-million tons will be taken by March next year.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Grindrod, tel +27 31 304 1451, fax +27 31 305 2848 or email grindrod@grindrod.co.za.