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Maputo Port: Pic: Grindrod
Grindrod, the Johannesburg-listed logistics operator, plans to triple capability at its drybulk port terminals in Mozambique to cater for rising demand for coal exports from neighboring South Africa, the corporate stated on Monday.
Capability on the firm’s wholly-owned terminal on the Maputo port, the nation’s largest, will develop to 4.5 million tons yearly by the top of June from 1.5 million tons. Whereas that at its 65%-held Matola coal terminal will enhance to 12 million tons yearly from the present 7.3 million tons “within the brief to medium time period,” Grindrod stated in an announcement on its web site.
The corporate’s choice comes as demand for coal has surged with economies bouncing again from Covid-19, and South African mining firms are trying to find alternate options to export their items because of snarl-ups on the nation’s personal ports and railways, probably costing billions of {dollars} in misplaced income.
Nonetheless, Mozambique just isn’t with out its challenges. Vehicles crossing the South African border to Mozambique at occasions can wait as much as three days in queues of greater than 15 kilometers lengthy.
“Essential to each initiatives is unlocking highway and rail bottlenecks alongside the hall,” Grindrod stated.
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