Richards Bay Port Expansion to improve Export Capacity
Richards Bay, Africa's biggest coal export port is to be expanded to open up capacities for smaller mining companies that currently have difficulties in acquiring slots to bring their output abroad.
The shipping and logistics group Grindrod and the investment group RBT partnered to expand the capacities of Grindrod's Navitrade terminal from currently 3 million tons a year to 20 million tons. An additional inland coal hub shall be developed to allow minors to consolidate low volume productions for access to export markets.
The costs for the project are estimated at 192 million USD. Commencement of work is scheduled for the first quarter of 2014.