Modern Mining July 2024

MINING NEWS

New Multimodal Inland Port Association launched at Transport Forum

social objectives, and facilitate the crucial transfer of goods from road to rail. By optimising industrial and logistics activities through efficient multimodalism, logistics costs will be reduced, and efficiency will be improved. Formed by leading entities in the transportation sector, including the Cato Ridge Inland Port, Tambo Springs Development Company, Portfutures, Autoforce, Mac Group, Cape Town Inland Port, the Cape Winelands Airport, the Musina Intermodal Terminal, RailRunner South Africa, and RailRunner Services, the association is committed to collaborating on best practices, particularly in through private sector participation (PSP). It will work closely with government and state-owned enterprises. 

A significant milestone was reached in the South African logistics sector with the recent launch of the Multimodal Inland Port Association (MIPA). MIPA addresses a critical need in South Africa’s logistics landscape, which is increasingly grappling with rising costs and severe congestion. The association aims to act as the unified voice for inland ports across the nation, focusing on promoting, supporting, and advocating for the increased movement of cargo from road to rail. “Transporting more cargo by rail has become an imperative, considering the growing cost of logistics in South Africa. It is no longer just a nice-to-have,” says Warwick Lord, MIPA Chairman. MIPA aims to reform the rail industry through private investment, foster trade activities that meet

Warwick Lord, MIPA Chairman.

Implats announces B-BBEE transaction

Platinum miner, Impala Platinum Holdings (Implats) has concluded a series of agreements, paving the way to implement a meaningful broad based black economic empowerment (B-BBEE) transaction at both its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% B-BBEE ownership at both Impala Platinum (Impala), which owns the Impala Rustenburg and Impala Refineries assets, and Impala Bafokeng through its wholly owned subsidiary, Impala Bafokeng Resources (IBR). Equity ownership in Impala and IBR will be via an employee share ownership trust, a community share ownership trust and a strategic empowerment consortium, with ownership of 4%, 4% and 5%, respectively. 

Implats concludes B-BBEE transaction.

bpSA agrees to sale of land and assets at SAPREF Precinct Following successful negotiations, bp Southern

Single Buoy Mooring for crude imports. Taelo Mojapelo, bpSA Chief Executive Officer said: “We view this agreement as a positive outcome for bpSA, for South Africa’s fuel industry and for the country as a whole. SAPREF is an important refinery, the largest in Southern Africa, but continued ownership does not fit with bp’s global strategy. Finding a buyer committed to the future of the refinery was an important consideration for us – we believe CEF is well placed to take SAPREF forward.” 

Africa (bpSA) and Shell Downstream South Africa (SDSA), have reached an agreement for the sale of their respective 50% ownership assets located at the SAPREF Refinery Precinct to the South African state-owned entity, Central Energy Fund SOC (CEF). The sale includes SDSA and bpSA interests in the SAPREF land and other associated assets, which include tanks, process units, pipelines to and from SAPREF to Island View terminal, and the

Taelo Mojapelo, bpSA CEO.

4  MODERN MINING  www.modernminingmagazine.co.za | JULY 2024