[miningmx.com] – JOHANNESBURG-listed logistics and freight company, Grindrod, would press ahead with a 4.5 million tonne/year (mtpa) terminal expansion in Richards Bay despite the retreating price of coal, said Bloomberg News.
Citing Bogani Biyela, executive director of RBTGrindrod Terminals, Bloomberg News said Grindrod and its joint venture partner, RBT, had agreed to press ahead with the first phase of the new terminal which would treat lower grades of coal.
The terminal is finalising a partnership “very soon’ with South Africa’s state-owned rail company Transnet, said Biyela. The investment in the terminal, including a second phase expansion to 20mtpa, was estimated to be R2bn.
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