Grindrod moves to expand Richards Bay coal, magnetite terminal

Freight services and shipping group Grindrod will upgrade capacity at its Richards Bay coal and magnetite terminal from 3.2-million tons a year, to 4.5-million tons a year, says Grindrod CEO Alan Olivier. He says the R125-million project may be completed by the end of the year. Grindrod has a 49.9% share in the project.