Infrastructure Waratah proposes to partner with Solethu Investments (Solethu) as Solethu has played an important role in securing the project for Waratah. Solethu has a Joint Venture with Grindrod Limited in RRL Grindrod developing rail infrastructure on the African Continent. Grindrod Limited is a dynamic organisation with more than 100 years experience in South Africa's freight movement and related industries, providing a freight logistics and shipping service to its customers. Grindrod Limited is listed on the South African Stock Exchange.
RRL Grindrod has the capability of manufacturing and leasing rolling stock, locomotive operations and building railway lines through a partnership with RACEC Limited. Together with Grindrod Limited, RRL Grindrod has the ability to provide a total logistics solution from pit to port for its customers.
RRL Grindrod and Solethu has a long standing relationship with the state railways of the ROC, the Chemin de Fer Congo-Ocean (CFCO) and are involved in several locomotive initiatives to develop the rail infrastructure of the ROC. RRL Grindrod has been invited by the Republic of Congo Mining Ministry to develop the appropriate rail infrastructure to unlock the resources within the country.
MBM Price at posting:
42.5¢ Sentiment: None Disclosure: Held
