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Grindrod Limited (JSE:GND) News - Press release: Maputo and Matola Drybulk Terminal plan to increase capacity
Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or “the Company”)
Press release: Maputo and Matola Drybulk Terminal plan to increase capacity
Shareholders are advised that the Maputo Port Development Company (“MPDC”) has published a
press release in Mozambique advising that the Maputo and Matola Drybulk Terminals (“GML” and
“TCM”), sub-concessioned to Grindrod, are considering the expansion of their respective footprint.
This expansion is in response to the increasing demand for export capacity and will see:
• GML’s throughput capacity increasing from 1.5 million tonnes per annum to 4.5 million tonnes
per annum in the first half of this year; and
• TCM’s current capacity of 7.3 million tonnes per annum scaling up to 12 million tonnes per
annum in the short to medium term, and to 20 million tonnes per annum in the long run.
This will promote port access to the new users and increase South Africa's mineral exports on a
year-on-year performance basis.
The expansion of GML’s capacity is underway and a feasibility study for the planned expansion
project at TCM has already been completed. Critical to both projects is unlocking road and rail
bottlenecks along the corridor.
The expansion plans are included in the Port of Maputo's new masterplan, which will be presented
to the public in early May 2022 during the Maputo Port's Conference.
The full press release is available on Grindrod’s website at https://grindrod.com/media-hub#press-
release .
14 February 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 14-02-2022 07:58:00
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