COAL TERMINAL TRYST
A competitive spirit can be read into the choice of the name RBT-Grindrod (RBTG) in that it has the same initial letters of the renowned 38-year-old Richards Bay Coal Terminal (RBCT). The ‘B’ arises from Bongani Biyela, the name of the RBTG CEO. A private company, RBTG is liaising with State-owned enterprise Transnet on a proposed mechanised, brownfield port solution, also at Richards Bay, for the exclusive use of coal juniors. One sensed at last month’s IHS McCloskey South African Coal Exports Conference 2014 that Transnet’s own 32-million-ton greenfield, and thus expensive, coal terminal plan would be dead in the water if RBTG’s went ahead. One also got the impression that RBTG would nose ahead with an initial three-million-ton capacity should RBCT delay the go-ahead of its own 19-million-ton Phase 6 plan for coal juniors.
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