[miningmx.com] – JOHANNESBURG-listed shipping and logistics group, Grindrod, may raise R1bn more than first proposed for its port and rail infrastructure growth plans, said BDLive citing comments from a company statement last week.
Grindrod, which operates the Matola coal terminal in Mozambique as well as the Navitrade facilities in South Africa’s Richards Bay, said it had approved the issue of new shares of up to R4bn.
BDLive said Grindrod’s new capital would fund planned expansion of terminal and port capacity at Maputo, Richards Bay, Saldanha and Coega ports, as well as rail infrastructure and locomotives.
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