MBM 3.33% 3.1¢ mobecom limited

for PatWaratah proposes to partner with Solethu Investments...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 28,706 Posts.
    lightbulb Created with Sketch. 237
    for Pat

    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 world class freight logistics and shipping offering to its clients. Grindrod Limited is listed on the South African Stock Exchange. RRL Grindrod has the capability of manufacturing and leasing of 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 Republic of Congo, the Chemin de Fer Congo-Ocean (CFCO) and are involved in several locomotive initiatives to develop the rail infrastructure of the Republic of Congo. RRL Grindrod has been invited by the Mining ministry to develop the appropriate rail infrastructure to unlock the resources within the country. During the Due Diligence period Waratah will consider entering into a memorandum of understanding with Solethu and RRL Grindrod to develop the appropriate rail infrastructure for the project in conjunction with its exploration activities.

    8th October 2010
 
watchlist Created with Sketch. Add MBM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.