The Durban-based freight and shipping major, Grindrod, is working on the expansion of its coal terminal in Richards Bay.
The company told Bloomberg that it will add 4.5 million tonnes a year of capacity in 2015, growing to 20mt in a second phase.
Bongani Biyela, executive director of RBT Grindrod Terminals, said at an IHS conference in Cape Town that the total cost is estimated at R2 billion.
The terminal is finalising a partnership “very soon” with Transnet Freight Rail (TFR), he added.
Multi-million tonne expansion of coal terminal
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